857 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by Allen Wealth Management LLC

Allen Wealth Management LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 857 shares of the exchange traded fund’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in SPDR Gold Shares by 24.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock worth $22,937,000 after buying an additional 18,828 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of SPDR Gold Shares by 104.1% in the third quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock valued at $625,000 after acquiring an additional 64,965 shares during the period. Paloma Partners Management Co purchased a new position in shares of SPDR Gold Shares during the third quarter worth approximately $389,000. Benjamin Edwards Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $6,480,000. Finally, Ascent Group LLC raised its position in SPDR Gold Shares by 35.7% in the 3rd quarter. Ascent Group LLC now owns 2,315 shares of the exchange traded fund’s stock valued at $563,000 after purchasing an additional 609 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $288.16 on Thursday. The company has a market capitalization of $86.62 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 1 year low of $210.30 and a 1 year high of $291.22. The company’s fifty day moving average is $269.78 and its two-hundred day moving average is $253.99.

About SPDR Gold Shares

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).