672 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by Synergy Investment Management LLC

Synergy Investment Management LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, HoldingsChannel reports. The fund acquired 672 shares of the exchange traded fund’s stock, valued at approximately $163,000.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $28,000. Roxbury Financial LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $31,000. PayPay Securities Corp grew its holdings in SPDR Gold Shares by 55.3% during 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.9 %

Shares of NYSEARCA GLD opened at $269.06 on Wednesday. SPDR Gold Shares has a 12 month low of $196.65 and a 12 month high of $272.32. The firm has a market capitalization of $80.88 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The business has a 50-day moving average of $256.64 and a 200-day moving average of $247.49.

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).