Greykasell Wealth Strategies Inc. Purchases New Position in SPDR Gold Shares (NYSEARCA:GLD)

Greykasell Wealth Strategies Inc. purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 23,074 shares of the exchange traded fund’s stock, valued at approximately $5,587,000. SPDR Gold Shares accounts for approximately 3.1% of Greykasell Wealth Strategies Inc.’s holdings, making the stock its 5th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew its holdings in SPDR Gold Shares by 24,245.2% in the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after purchasing an additional 60,504,152 shares during the period. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares in the fourth quarter worth about $450,109,000. Wealthfront Advisers LLC grew its holdings in SPDR Gold Shares by 1,374.2% in the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares during the period. Strategic Financial Concepts LLC grew its holdings in SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock worth $59,410,000 after purchasing an additional 195,520 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $275.24 on Friday. The stock has a market cap of $82.74 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $276.30. The firm’s 50-day simple moving average is $261.08 and its two-hundred day simple moving average is $249.42.

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).