Ethos Financial Group LLC Has $4.10 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Ethos Financial Group LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 598.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,919 shares of the exchange traded fund’s stock after buying an additional 14,496 shares during the period. Ethos Financial Group LLC’s holdings in SPDR Gold Shares were worth $4,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the third quarter valued at approximately $28,000. Roxbury Financial LLC bought a new position in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp increased its stake in SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the third quarter valued at approximately $38,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $269.62 on Thursday. The firm’s fifty day moving average price is $257.20 and its two-hundred day moving average price is $247.65. The stock has a market cap of $81.05 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $197.44 and a fifty-two week high of $272.32.

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).