Commonwealth Equity Services LLC Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Commonwealth Equity Services LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 980,065 shares of the exchange traded fund’s stock after buying an additional 32,712 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SPDR Gold Shares were worth $237,303,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $31,000. PayPay Securities Corp increased its stake in SPDR Gold Shares by 55.3% during the fourth 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 last quarter. Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $39,000. Finally, Compass Planning Associates Inc bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $270.33 on Thursday. The business’s 50 day moving average is $259.86 and its two-hundred day moving average is $248.94. SPDR Gold Shares has a 1-year low of $198.94 and a 1-year high of $272.32. The stock has a market capitalization of $81.26 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).