MGO Private Wealth LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,878 shares of the exchange traded fund’s stock after buying an additional 53 shares during the quarter. MGO Private Wealth LLC’s holdings in SPDR Gold Shares were worth $697,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of GLD. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter worth $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth $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 during the last quarter. Compass Planning Associates Inc acquired a new position in SPDR Gold Shares during the fourth quarter worth $39,000. Finally, Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares during the fourth quarter worth $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
Shares of GLD stock opened at $270.33 on Thursday. The stock has a fifty day moving average price of $259.86 and a 200 day moving average price of $248.94. The stock has a market cap of $81.26 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $272.32.
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).
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