SCP Investment LP Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

SCP Investment LP purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,001 shares of the exchange traded fund’s stock, valued at approximately $242,000.

Several other large investors have also modified their holdings of GLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in SPDR Gold Shares by 24.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,367 shares of the exchange traded fund’s stock valued at $22,937,000 after purchasing an additional 18,828 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of SPDR Gold Shares by 104.1% in the 3rd quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock valued at $625,000 after buying an additional 64,965 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $1,853,000. Circle Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 5.5% during the 3rd quarter. Circle Wealth Management LLC now owns 26,393 shares of the exchange traded fund’s stock worth $6,415,000 after acquiring an additional 1,381 shares in the last quarter. Finally, TRUE Private Wealth Advisors lifted its position in SPDR Gold Shares by 71.7% during the third quarter. TRUE Private Wealth Advisors now owns 14,578 shares of the exchange traded fund’s stock valued at $3,544,000 after acquiring an additional 6,089 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

NYSEARCA GLD opened at $284.06 on Friday. The firm’s fifty day simple moving average is $267.64 and its two-hundred day simple moving average is $252.90. The firm has a market capitalization of $85.39 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $206.29 and a 12-month high of $284.64.

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).