Impact Investors Inc Invests $211,000 in SPDR Gold Shares (NYSEARCA:GLD)

Impact Investors Inc acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel reports. The firm acquired 870 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC boosted its stake in shares of SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after purchasing an additional 606,411 shares during the period. Diversify Advisory Services LLC boosted its position in SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares in the last quarter. Banco Santander S.A. increased its position in shares of SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares during the period. Finally, Stifel Financial Corp increased its position in shares of SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after acquiring an additional 100,149 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $268.62 on Wednesday. SPDR Gold Shares has a 52-week low of $187.53 and a 52-week high of $272.32. The firm has a market capitalization of $80.75 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The stock has a 50 day moving average price of $254.04 and a 200 day moving average price of $246.15.

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).