Freestone Capital Holdings LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 25.2% during the 4th quarter, HoldingsChannel reports. The fund owned 15,896 shares of the exchange traded fund’s stock after purchasing an additional 3,203 shares during the quarter. Freestone Capital Holdings LLC’s holdings in SPDR Gold Shares were worth $3,849,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter valued at $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp lifted its stake 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 buying an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the third quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at about $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.2 %
NYSEARCA:GLD opened at $269.62 on Thursday. SPDR Gold Shares has a 1-year low of $197.44 and a 1-year high of $272.32. The business’s 50-day moving average price is $257.20 and its two-hundred day moving average price is $247.65. The firm has a market capitalization of $81.05 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.
About SPDR Gold Shares
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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