Polar Asset Management Partners Inc. Invests $4.23 Million in SPDR Gold Shares (NYSEARCA:GLD)

Polar Asset Management Partners Inc. purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,452 shares of the exchange traded fund’s stock, valued at approximately $4,226,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp grew its holdings in shares of SPDR Gold Shares by 55.3% during 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. purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $297.84 on Friday. The company has a market cap of $89.53 billion, a PE ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 12 month low of $211.54 and a 12 month high of $317.63. The company has a 50-day simple moving average of $292.13 and a 200-day simple moving average of $265.95.

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).