SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,858 shares of the exchange traded fund’s stock after buying an additional 169 shares during the period. Physician Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $26,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $31,000. PayPay Securities Corp raised its position in shares of 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 buying an additional 47 shares during the last quarter. Keystone Financial Group Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $39,000. Finally, Compass Planning Associates Inc acquired a new position in SPDR Gold Shares during the fourth quarter worth about $39,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $284.06 on Friday. SPDR Gold Shares has a 1 year low of $206.29 and a 1 year high of $284.64. The firm has a market capitalization of $85.39 billion, a PE ratio of -29.30 and a beta of 0.20. The business has a 50 day simple moving average of $267.64 and a 200-day simple moving average of $252.90.

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).