SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lifted by Pictet North America Advisors SA

Pictet North America Advisors SA boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,524 shares of the exchange traded fund’s stock after purchasing an additional 103 shares during the period. SPDR Gold Shares comprises approximately 2.9% of Pictet North America Advisors SA’s holdings, making the stock its 6th largest position. Pictet North America Advisors SA’s holdings in SPDR Gold Shares were worth $30,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $28,000. PayPay Securities Corp grew its position in SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the third quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares in the third quarter worth approximately $38,000. Finally, Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares in the fourth quarter worth approximately $39,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $270.31 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $270.39. The firm has a 50 day moving average of $249.73 and a two-hundred day moving average of $243.07.

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).