SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 743.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,411 shares of the exchange traded fund’s stock after purchasing an additional 39,147 shares during the quarter. SPDR Gold Shares comprises approximately 8.2% of Gunderson Capital Management Inc.’s portfolio, making the stock its largest holding. Gunderson Capital Management Inc.’s holdings in SPDR Gold Shares were worth $12,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $26,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $31,000. PayPay Securities Corp grew its stake in shares of 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 acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD opened at $303.60 on Monday. The business’s 50 day moving average price is $298.11 and its 200 day moving average price is $270.48. The stock has a market capitalization of $91.26 billion, a PE ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a one year low of $211.54 and a one 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).