Johnson Investment Counsel Inc. Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Johnson Investment Counsel Inc. purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, HoldingsChannel reports. The fund purchased 10,308 shares of the exchange traded fund’s stock, valued at approximately $2,496,000.

A number of other large investors have also modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the third quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth $31,000. PayPay Securities Corp lifted its position 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 purchasing an additional 47 shares during the last quarter. Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth $39,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.2 %

SPDR Gold Shares stock opened at $269.16 on Wednesday. The stock has a market cap of $80.91 billion, a P/E ratio of -28.59 and a beta of 0.20. The company has a fifty day simple moving average of $259.29 and a 200-day simple moving average of $248.79. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month 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).