LFA Lugano Financial Advisors SA Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

LFA Lugano Financial Advisors SA grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the 4th quarter, Holdings Channel reports. The fund owned 27,366 shares of the exchange traded fund’s stock after purchasing an additional 540 shares during the quarter. SPDR Gold Shares accounts for 4.3% of LFA Lugano Financial Advisors SA’s portfolio, making the stock its 3rd biggest position. LFA Lugano Financial Advisors SA’s holdings in SPDR Gold Shares were worth $6,626,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $28,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp boosted 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 buying an additional 47 shares during the period. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $39,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.4 %

NYSEARCA:GLD opened at $270.33 on Thursday. The company has a market cap of $81.26 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a twelve month low of $198.94 and a twelve month high of $272.32. The business has a 50 day moving average price of $259.86 and a two-hundred day moving average price of $248.94.

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).