Kestra Advisory Services LLC Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Kestra Advisory Services LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251,933 shares of the exchange traded fund’s stock after purchasing an additional 19,288 shares during the quarter. Kestra Advisory Services LLC owned 0.08% of SPDR Gold Shares worth $61,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GLD. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $31,000. PayPay Securities Corp grew its stake in 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 acquiring an additional 47 shares during the period. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $39,000. Finally, Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.0 %

Shares of NYSEARCA GLD opened at $275.24 on Friday. SPDR Gold Shares has a 52-week low of $198.94 and a 52-week high of $276.30. The firm has a fifty day moving average of $261.08 and a 200-day moving average of $249.42. The stock has a market capitalization of $82.74 billion, a PE ratio of -28.59 and a beta of 0.20.

SPDR Gold Shares Company 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).