Envestnet Portfolio Solutions Inc. Purchases 2,118 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Envestnet Portfolio Solutions Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,596 shares of the exchange traded fund’s stock after purchasing an additional 2,118 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Gold Shares were worth $24,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. PayPay Securities Corp lifted its holdings 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 period. Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares during the fourth quarter worth $39,000. Compass Planning Associates Inc purchased a new position in SPDR Gold Shares in the fourth quarter worth $39,000. Finally, SOA Wealth Advisors LLC. grew its stake in SPDR Gold Shares by 54.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 68 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $275.24 on Friday. The business’s fifty day moving average is $261.08 and its 200-day moving average is $249.53. The stock has a market capitalization of $82.74 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a one year low of $198.94 and a one year high of $276.30.

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).