SPDR Gold Shares $GLD Stock Holdings Increased by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. boosted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 22,224.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,027 shares of the exchange traded fund’s stock after buying an additional 126,458 shares during the period. SPDR Gold Shares makes up approximately 8.7% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its biggest position. Sterling Investment Advisors Ltd.’s holdings in SPDR Gold Shares were worth $50,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Calder Financial LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $807,000. Empirical Asset Management LLC grew its position in shares of SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after buying an additional 26,197 shares in the last quarter. Colonial Trust Advisors grew its position in shares of SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after buying an additional 1,385 shares in the last quarter. Ervin Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $7,178,000. Finally, MB Generational Wealth LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth about $407,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $413.82 on Tuesday. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The company has a market cap of $150.51 billion, a PE ratio of -32.43 and a beta of 0.15. The business has a 50-day simple moving average of $428.71 and a 200-day simple moving average of $425.39.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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