GFG Capital LLC lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,890 shares of the exchange traded fund’s stock after selling 568 shares during the quarter. GFG Capital LLC’s holdings in SPDR Gold Shares were worth $942,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in GLD. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. PayPay Securities Corp raised its position 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 buying an additional 47 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $38,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.0 %
Shares of GLD opened at $270.31 on Friday. The stock’s fifty day simple moving average is $249.73 and its 200 day simple moving average is $243.07. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $270.39.
SPDR Gold Shares 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).
See Also
- Five stocks we like better than SPDR Gold Shares
- How to Invest in Small Cap Stocks
- Biotechs on the Brink: 2 Stocks With Huge Potential
- Profitably Trade Stocks at 52-Week Highs
- Silicon Valley’s Sleeping Giant? Intel’s Comeback in Focus
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Upstart’s Uptrend Is Just Getting Started: Its Time to Load Up
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
