AAF Wealth Management LLC Purchases Shares of 23,711 SPDR Gold Shares (NYSEARCA:GLD)

AAF Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,711 shares of the exchange traded fund’s stock, valued at approximately $5,741,000. SPDR Gold Shares makes up 2.9% of AAF Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $26,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $31,000. PayPay Securities Corp increased 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 worth $32,000 after acquiring an additional 47 shares during the period. Compass Planning Associates Inc acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $303.11 on Friday. The firm has a market capitalization of $91.11 billion, a P/E ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The company’s fifty day moving average price is $294.89 and its 200-day moving average price is $267.56.

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).