Sharkey Howes & Javer Boosts Position in SPDR Gold Shares (NYSEARCA:GLD)

Sharkey Howes & Javer boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 31.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,767 shares of the exchange traded fund’s stock after acquiring an additional 2,830 shares during the quarter. Sharkey Howes & Javer’s holdings in SPDR Gold Shares were worth $2,849,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the third quarter valued at $28,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at $31,000. PayPay Securities Corp increased its position in 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 buying an additional 47 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the third quarter worth about $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the third quarter worth about $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

Shares of GLD opened at $263.27 on Friday. The business has a 50-day simple moving average of $255.57 and a two-hundred day simple moving average of $246.81. The stock has a market cap of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $189.23 and a 52 week high of $272.32.

SPDR Gold Shares Company 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).