Kovack Advisors Inc. boosted its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,989 shares of the exchange traded fund’s stock after buying an additional 380 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR Gold Shares were worth $2,419,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp raised its stake 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 valued at $32,000 after purchasing an additional 47 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.2 %
Shares of NYSEARCA:GLD opened at $269.03 on Thursday. SPDR Gold Shares has a fifty-two week low of $187.88 and a fifty-two week high of $272.32. The firm has a 50-day simple moving average of $254.64 and a 200 day simple moving average of $246.31. The company has a market cap of $80.87 billion, a PE ratio of -28.59 and a beta of 0.20.
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).
Featured Stories
- Five stocks we like better than SPDR Gold Shares
- EV Stocks and How to Profit from Them
- 2 Stocks Riding the Dominance of America’s Natural Gas Exports
- Insider Trading – What You Need to Know
- Buffett’s on the Sidelines – Should You Follow?
- Stock Splits, Do They Really Impact Investors?
- AST SpaceMobile Stock Surges 17% After Analyst Upgrade
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
