SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Advisors Capital Management LLC

Advisors Capital Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,406 shares of the exchange traded fund’s stock after purchasing an additional 199 shares during the period. Advisors Capital Management LLC’s holdings in SPDR Gold Shares were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $31,000. PayPay Securities Corp raised 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 purchasing an additional 47 shares in the last quarter. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares during the 4th quarter valued at $39,000. Finally, Compass Planning Associates Inc bought a new position in SPDR Gold Shares during the 4th quarter valued at $39,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $296.23 on Tuesday. The company has a market capitalization of $89.05 billion, a PE ratio of -30.67 and a beta of 0.17. The stock’s fifty day moving average is $275.23 and its 200-day moving average is $256.99. SPDR Gold Shares has a one year low of $210.71 and a one year high of $299.28.

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).