Private Portfolio Partners LLC Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Private Portfolio Partners LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,011 shares of the exchange traded fund’s stock after buying an additional 363 shares during the quarter. Private Portfolio Partners LLC’s holdings in SPDR Gold Shares were worth $1,455,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GLD. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares in the fourth quarter worth $26,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth about $31,000. PayPay Securities Corp raised its position in shares of 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 purchasing an additional 47 shares during the last quarter. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares in the 4th quarter worth about $39,000. Finally, Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares during the 4th quarter valued at about $39,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $287.57 on Wednesday. The firm has a market cap of $86.44 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a fifty-two week low of $208.36 and a fifty-two week high of $289.13. The firm has a 50-day simple moving average of $269.11 and a two-hundred day simple moving average of $253.75.

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).