IvyRock Asset Management HK Ltd Acquires 800 Shares of SPDR Gold Shares (NYSEARCA:GLD)

IvyRock Asset Management HK Ltd boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 50.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,400 shares of the exchange traded fund’s stock after acquiring an additional 800 shares during the quarter. SPDR Gold Shares accounts for 0.3% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 12th largest holding. IvyRock Asset Management HK Ltd’s holdings in SPDR Gold Shares were worth $581,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Florida Financial Advisors LLC grew its holdings in SPDR Gold Shares by 15.6% during the 4th quarter. Florida Financial Advisors LLC now owns 2,422 shares of the exchange traded fund’s stock valued at $586,000 after buying an additional 326 shares in the last quarter. Bay Capital Advisors LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at $200,000. Potentia Wealth bought a new position in SPDR Gold Shares during the fourth quarter valued at $497,000. PKS Advisory Services LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth $1,476,000. Finally, First American Trust FSB increased its holdings in shares of SPDR Gold Shares by 8.4% in the 4th quarter. First American Trust FSB now owns 3,732 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.4 %

Shares of NYSEARCA:GLD opened at $277.25 on Tuesday. The company has a market cap of $83.34 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12 month low of $200.97 and a 12 month high of $281.48. The company has a 50-day moving average price of $265.10 and a 200 day moving average price of $251.67.

About SPDR Gold Shares

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).