SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 301.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,716 shares of the exchange traded fund’s stock after acquiring an additional 3,542 shares during the period. Berkshire Asset Management LLC PA’s holdings in SPDR Gold Shares were worth $1,142,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $28,000. Roxbury Financial LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth $31,000. PayPay Securities Corp lifted its stake in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.1 %

NYSEARCA GLD opened at $268.39 on Friday. The stock has a market capitalization of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52-week low of $198.94 and a 52-week high of $272.32. The firm has a 50-day moving average price of $258.24 and a 200 day moving average price of $248.05.

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).