KCM Investment Advisors LLC Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

KCM Investment Advisors LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,583 shares of the exchange traded fund’s stock after buying an additional 262 shares during the period. KCM Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $31,000. PayPay Securities Corp raised its position in shares of 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 buying an additional 47 shares during the last quarter. Compass Planning Associates Inc purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth $39,000. Finally, Keystone Financial Group Inc. bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $39,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $279.72 on Friday. The company has a market cap of $84.08 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 52-week low of $210.71 and a 52-week high of $289.13. The firm’s fifty day moving average is $270.91 and its two-hundred day moving average is $254.62.

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).