Entrewealth LLC Acquires Shares of 828 SPDR Gold Shares (NYSEARCA:GLD)

Entrewealth LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 828 shares of the exchange traded fund’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Roxbury Financial LLC purchased a new position in SPDR Gold Shares during the fourth quarter valued at approximately $31,000. PayPay Securities Corp lifted its position in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $39,000. Compass Planning Associates Inc purchased a new position in SPDR Gold Shares in the fourth quarter worth $39,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of SPDR Gold Shares by 54.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $276.73 on Tuesday. The stock’s fifty day moving average price is $261.76 and its 200 day moving average price is $249.96. SPDR Gold Shares has a 1-year low of $198.94 and a 1-year high of $279.26. The company has a market cap of $83.19 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

About SPDR Gold Shares

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).