Pinnacle Wealth Management Advisory Group LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,468 shares of the exchange traded fund’s stock after buying an additional 70 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in SPDR Gold Shares were worth $598,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $28,000. Roxbury Financial LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp raised its holdings in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Down 1.5 %
NYSEARCA GLD opened at $266.29 on Monday. The firm’s fifty day moving average price is $250.74 and its 200 day moving average price is $243.72. SPDR Gold Shares has a 12 month low of $184.84 and a 12 month high of $270.39.
SPDR Gold Shares Company Profile
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).
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