SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Lifted by World Equity Group Inc.

World Equity Group Inc. boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 107.3% during the 4th quarter, HoldingsChannel reports. The firm owned 28,582 shares of the exchange traded fund’s stock after purchasing an additional 14,794 shares during the period. SPDR Gold Shares comprises about 1.5% of World Equity Group Inc.’s investment portfolio, making the stock its 9th biggest position. World Equity Group Inc.’s holdings in SPDR Gold Shares were worth $6,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth about $28,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $31,000. PayPay Securities Corp raised its stake in shares of 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 buying an additional 47 shares during the period. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares in the third quarter worth about $35,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares in the third quarter worth about $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.1 %

NYSEARCA GLD opened at $270.74 on Friday. The stock’s 50-day moving average price is $253.00 and its 200-day moving average price is $245.32. SPDR Gold Shares has a 52 week low of $187.05 and a 52 week high of $271.84.

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).