Novus Advisors LLC Buys New Position in SPDR Gold Shares (NYSEARCA:GLD)

Novus Advisors LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,643 shares of the exchange traded fund’s stock, valued at approximately $882,000. SPDR Gold Shares makes up approximately 0.9% of Novus Advisors LLC’s holdings, making the stock its 29th largest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $219,000. Maia Wealth LLC bought a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $72,000. D.B. Root & Company LLC grew its position in SPDR Gold Shares by 3.6% during the third quarter. D.B. Root & Company LLC now owns 8,780 shares of the exchange traded fund’s stock valued at $2,134,000 after acquiring an additional 303 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its position in SPDR Gold Shares by 6.6% during the third quarter. Walkner Condon Financial Advisors LLC now owns 10,565 shares of the exchange traded fund’s stock valued at $2,568,000 after acquiring an additional 652 shares during the last quarter. Finally, GGM Financials LLC raised its stake in shares of SPDR Gold Shares by 70.5% during the third quarter. GGM Financials LLC now owns 3,095 shares of the exchange traded fund’s stock worth $752,000 after acquiring an additional 1,280 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $268.25 on Friday. SPDR Gold Shares has a 52-week low of $198.91 and a 52-week high of $272.32. The company has a fifty day moving average of $257.70 and a 200-day moving average of $247.79. The stock has a market capitalization of $80.64 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

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).