Fortis Capital Management LLC Grows Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Fortis Capital Management LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,450 shares of the exchange traded fund’s stock after buying an additional 1,075 shares during the period. SPDR Gold Shares makes up about 1.5% of Fortis Capital Management LLC’s holdings, making the stock its 13th biggest holding. Fortis Capital Management LLC’s holdings in SPDR Gold Shares were worth $8,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $31,000. PayPay Securities Corp boosted its stake in shares of SPDR Gold Shares by 55.3% in 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. Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $39,000. Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $39,000. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of SPDR Gold Shares by 54.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $278.49 on Friday. SPDR Gold Shares has a 52-week low of $200.97 and a 52-week high of $281.48. The stock has a market capitalization of $83.71 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The company has a fifty day moving average of $264.47 and a 200-day moving average of $251.20.

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).