SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Smith Moore & CO.

Smith Moore & CO. grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 13,317 shares of the exchange traded fund’s stock after acquiring an additional 382 shares during the quarter. Smith Moore & CO.’s holdings in SPDR Gold Shares were worth $3,224,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $31,000. PayPay Securities Corp boosted its position in 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 buying an additional 47 shares during the period. Keystone Financial Group Inc. acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.6 %

Shares of NYSEARCA GLD opened at $286.42 on Friday. SPDR Gold Shares has a 12-month low of $210.71 and a 12-month high of $289.13. The stock has a market cap of $86.10 billion, a P/E ratio of -30.67 and a beta of 0.17. The business’s fifty day simple moving average is $270.43 and its 200-day simple moving average is $254.22.

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).