Townsquare Capital LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,436 shares of the exchange traded fund’s stock after buying an additional 1,467 shares during the period. Townsquare Capital LLC’s holdings in SPDR Gold Shares were worth $5,190,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in GLD. Murphy & Mullick Capital Management Corp purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at $31,000. PayPay Securities Corp increased its stake in 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 buying an additional 47 shares during the period. Compass Planning Associates Inc purchased a new position in SPDR Gold Shares during the 4th quarter worth $39,000. Finally, Keystone Financial Group Inc. purchased a new position in SPDR Gold Shares during the 4th quarter worth $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.9 %
Shares of NYSEARCA:GLD opened at $297.93 on Monday. SPDR Gold Shares has a fifty-two week low of $210.71 and a fifty-two week high of $299.28. The firm’s 50-day simple moving average is $274.59 and its 200-day simple moving average is $256.63. The company has a market cap of $89.56 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17.
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).
Featured Stories
- Five stocks we like better than SPDR Gold Shares
- Transportation Stocks Investing
- Is McDonald’s Stock Serving a Value Meal to Investors?
- How to Invest in Blue Chip Stocks
- Walgreens Comeback? Private Equity Circling for a Buyout
- What is the Hang Seng index?
- Coca-Cola Stock Looks Refreshing After the Relief Rally
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
