Investors Research Corp Buys 413 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Investors Research Corp raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 529.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 491 shares of the exchange traded fund’s stock after acquiring an additional 413 shares during the period. Investors Research Corp’s holdings in SPDR Gold Shares were worth $119,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Johnson Investment Counsel Inc. bought a new stake in SPDR Gold Shares in the fourth quarter valued at $2,496,000. Daiwa Securities Group Inc. grew its holdings in shares of SPDR Gold Shares by 4.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 13,850 shares of the exchange traded fund’s stock worth $3,354,000 after purchasing an additional 600 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of SPDR Gold Shares by 16.1% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,685 shares of the exchange traded fund’s stock worth $3,556,000 after purchasing an additional 2,032 shares during the last quarter. Argentarii LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $1,211,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of SPDR Gold Shares by 10.2% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 5,157 shares of the exchange traded fund’s stock worth $1,249,000 after purchasing an additional 477 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $266.04 on Tuesday. The stock’s fifty day moving average is $258.75 and its 200-day moving average is $248.53. The stock has a market capitalization of $79.97 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $272.32.

SPDR Gold Shares 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).