Colonial Trust Advisors Has $3.44 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Colonial Trust Advisors boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,209 shares of the exchange traded fund’s stock after buying an additional 2,545 shares during the quarter. Colonial Trust Advisors’ holdings in SPDR Gold Shares were worth $3,440,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GLD. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $26,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp lifted its stake in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares during the period. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $39,000. Finally, Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $285.38 on Thursday. The firm has a 50-day simple moving average of $273.23 and a 200 day simple moving average of $255.88. SPDR Gold Shares has a twelve month low of $210.71 and a twelve month high of $289.13. The stock has a market cap of $85.79 billion, a PE ratio of -30.67 and a beta of 0.17.

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).