Tepp RIA LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 3,135 shares of the exchange traded fund’s stock, valued at approximately $759,000. SPDR Gold Shares accounts for about 1.1% of Tepp RIA LLC’s portfolio, making the stock its 11th biggest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $26,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at $31,000. PayPay Securities Corp lifted its holdings in SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares in the fourth quarter worth about $39,000. Finally, Compass Planning Associates Inc bought a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.3 %
Shares of GLD opened at $281.97 on Friday. The business has a 50-day simple moving average of $266.95 and a two-hundred day simple moving average of $252.39. SPDR Gold Shares has a 52 week low of $203.87 and a 52 week high of $284.19. The stock has a market cap of $84.76 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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