Starr Indemnity & Liability Co Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Starr Indemnity & Liability Co acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 327,188 shares of the exchange traded fund’s stock, valued at approximately $79,222,000. SPDR Gold Shares comprises about 39.1% of Starr Indemnity & Liability Co’s portfolio, making the stock its largest holding. Starr Indemnity & Liability Co owned about 0.11% of SPDR Gold Shares as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in SPDR Gold Shares during the 4th quarter valued at $26,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $31,000. PayPay Securities Corp raised 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 worth $32,000 after buying an additional 47 shares in the last quarter. Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $39,000. Finally, Compass Planning Associates Inc purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.4 %

GLD opened at $288.14 on Tuesday. The stock has a market cap of $86.61 billion, a PE ratio of -30.67 and a beta of 0.17. The business has a 50 day moving average of $268.42 and a 200-day moving average of $253.41. SPDR Gold Shares has a 52 week low of $206.29 and a 52 week high of $289.45.

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).