Motco Has $12.06 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Motco decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,802 shares of the exchange traded fund’s stock after selling 1,197 shares during the quarter. SPDR Gold Shares comprises approximately 1.2% of Motco’s investment portfolio, making the stock its 21st largest holding. Motco’s holdings in SPDR Gold Shares were worth $12,059,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $31,000. PayPay Securities Corp raised its position in shares of 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 period. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Finally, Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $38,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.5 %

Shares of GLD stock opened at $264.93 on Friday. SPDR Gold Shares has a 12 month low of $188.03 and a 12 month high of $272.32. The firm has a market capitalization of $79.64 billion, a PE ratio of -28.59 and a beta of 0.20. The firm has a fifty day simple moving average of $255.14 and a two-hundred day simple moving average of $246.43.

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).