IAM Advisory LLC Purchases Shares of 1,686 SPDR Gold Shares (NYSEARCA:GLD)

IAM Advisory LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,686 shares of the exchange traded fund’s stock, valued at approximately $486,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth approximately $26,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp grew its stake in shares of SPDR Gold Shares by 55.3% during the 4th 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. Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares during the 4th quarter worth $39,000. Finally, Compass Planning Associates Inc bought a new position in shares of SPDR Gold Shares during the 4th quarter worth $39,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $305.18 on Friday. The company has a market capitalization of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a fifty-two week low of $211.54 and a fifty-two week high of $317.63. The stock has a fifty day moving average of $300.63 and a 200-day moving average of $272.44.

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).