SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 16.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,905 shares of the exchange traded fund’s stock after buying an additional 549 shares during the period. Samalin Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp increased its position in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. increased its position in shares of SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 68 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD opened at $278.49 on Friday. The business’s 50-day simple moving average is $264.47 and its 200-day simple moving average is $251.20. SPDR Gold Shares has a one year low of $200.97 and a one year high of $281.48. The stock has a market capitalization of $83.71 billion, a P/E 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).