Arrowroot Family Office LLC Has $2.30 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Arrowroot Family Office LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 25.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,507 shares of the exchange traded fund’s stock after purchasing an additional 1,905 shares during the quarter. SPDR Gold Shares makes up 1.2% of Arrowroot Family Office LLC’s holdings, making the stock its 25th biggest holding. Arrowroot Family Office LLC’s holdings in SPDR Gold Shares were worth $2,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GLD. Murphy & Mullick Capital Management Corp bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at $26,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $31,000. PayPay Securities Corp raised its position in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares during the 4th quarter worth about $39,000. Finally, Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $39,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $297.98 on Friday. The business has a 50-day moving average of $285.57 and a 200-day moving average of $262.71. The company has a market capitalization of $89.57 billion, a price-to-earnings ratio of -32.58 and a beta of 0.17. SPDR Gold Shares has a 1 year low of $210.71 and a 1 year high of $317.63.

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).