Madison Wealth Partners Inc Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Madison Wealth Partners Inc boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,197 shares of the exchange traded fund’s stock after buying an additional 461 shares during the period. Madison Wealth Partners Inc’s holdings in SPDR Gold Shares were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp grew its position 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 valued at $32,000 after purchasing an additional 47 shares in the last quarter. Compass Planning Associates Inc purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $39,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $270.33 on Thursday. The company has a fifty day moving average price of $259.86 and a 200-day moving average price of $248.94. The firm has a market capitalization of $81.26 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a one year low of $198.94 and a one year high of $272.32.

SPDR Gold Shares 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).