5,606 Shares in SPDR Gold Shares (NYSEARCA:GLD) Bought by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel.com reports. The fund bought 5,606 shares of the exchange traded fund’s stock, valued at approximately $1,357,000. SPDR Gold Shares makes up approximately 1.2% of Purkiss Capital Advisors LLC’s holdings, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Levin Capital Strategies L.P. lifted its stake in SPDR Gold Shares by 2.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 49,473 shares of the exchange traded fund’s stock valued at $11,979,000 after buying an additional 1,228 shares in the last quarter. Sharkey Howes & Javer boosted its holdings in shares of SPDR Gold Shares by 31.7% in the 4th quarter. Sharkey Howes & Javer now owns 11,767 shares of the exchange traded fund’s stock valued at $2,849,000 after purchasing an additional 2,830 shares in the last quarter. Hamel Associates Inc. grew its stake in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Hamel Associates Inc. now owns 13,190 shares of the exchange traded fund’s stock worth $3,194,000 after buying an additional 85 shares during the last quarter. West Michigan Advisors LLC raised its stake in shares of SPDR Gold Shares by 40.1% during the fourth quarter. West Michigan Advisors LLC now owns 4,204 shares of the exchange traded fund’s stock valued at $1,018,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth about $2,574,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

Shares of GLD stock opened at $263.27 on Friday. SPDR Gold Shares has a 52 week low of $189.23 and a 52 week high of $272.32. The firm has a 50 day moving average of $255.57 and a 200-day moving average of $246.81. The company has a market cap of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

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).