C V Starr & Co. Inc. Invests $49.51 Million in SPDR Gold Shares (NYSEARCA:GLD)

C V Starr & Co. Inc. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 204,493 shares of the exchange traded fund’s stock, valued at approximately $49,514,000. SPDR Gold Shares makes up about 38.6% of C V Starr & Co. Inc.’s portfolio, making the stock its largest position.

A number of other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp grew its stake in 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 buying an additional 47 shares during the last quarter. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $39,000. Finally, Compass Planning Associates Inc bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $288.14 on Tuesday. The company has a market capitalization of $86.61 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a one year low of $206.29 and a one year high of $289.45. The business’s 50 day simple moving average is $268.42 and its 200-day simple moving average is $253.41.

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).