Steward Partners Investment Advisory LLC Has $37.04 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Steward Partners Investment Advisory LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,981 shares of the exchange traded fund’s stock after purchasing an additional 2,851 shares during the quarter. Steward Partners Investment Advisory LLC owned 0.05% of SPDR Gold Shares worth $37,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLD. 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 during the period. 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 Performance

NYSEARCA:GLD opened at $266.74 on Tuesday. The stock’s 50-day simple moving average is $256.08 and its 200 day simple moving average is $247.23. The company has a market cap of $80.18 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52-week low of $193.88 and a 52-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).