West Michigan Advisors LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

West Michigan Advisors LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 40.1% in the fourth quarter, HoldingsChannel reports. The fund owned 4,204 shares of the exchange traded fund’s stock after purchasing an additional 1,203 shares during the quarter. West Michigan Advisors LLC’s holdings in SPDR Gold Shares were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares during the 4th quarter valued at approximately $31,000. PayPay Securities Corp increased its stake in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.6 %

Shares of SPDR Gold Shares stock opened at $263.27 on Friday. SPDR Gold Shares has a 12-month low of $189.23 and a 12-month high of $272.32. The firm has a market capitalization of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The firm’s 50 day simple moving average is $255.57 and its two-hundred day simple moving average is $246.68.

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).