SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Cannell & Spears LLC

Cannell & Spears LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,708 shares of the exchange traded fund’s stock after purchasing an additional 1,061 shares during the quarter. Cannell & Spears LLC’s holdings in SPDR Gold Shares were worth $2,593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new stake in SPDR Gold Shares in the 4th quarter worth about $26,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $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. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares in the 4th quarter valued at $39,000. Finally, Compass Planning Associates Inc purchased a new position in SPDR Gold Shares in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.4 %

Shares of GLD opened at $288.14 on Tuesday. SPDR Gold Shares has a 52-week low of $206.29 and a 52-week high of $289.13. The stock has a market cap of $86.61 billion, a PE ratio of -29.30 and a beta of 0.20. The firm’s fifty day moving average is $268.42 and its two-hundred day moving average is $253.41.

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).