Harrington Investments INC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Harrington Investments INC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,571 shares of the exchange traded fund’s stock after purchasing an additional 275 shares during the quarter. Harrington Investments INC’s holdings in SPDR Gold Shares were worth $865,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GLD. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth $31,000. PayPay Securities Corp raised its holdings in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the period. Compass Planning Associates Inc acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $39,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.0 %

SPDR Gold Shares stock opened at $275.24 on Friday. The stock has a market cap of $82.74 billion, a P/E ratio of -28.59 and a beta of 0.20. The company has a 50-day moving average price of $261.08 and a 200 day moving average price of $249.42. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $276.30.

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).