West Michigan Advisors LLC Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

West Michigan Advisors LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 40.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,204 shares of the exchange traded fund’s stock after purchasing an additional 1,203 shares during the period. West Michigan Advisors LLC’s holdings in SPDR Gold Shares were worth $1,018,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Noble Wealth Management PBC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $2,574,000. US Bancorp DE lifted its position in shares of SPDR Gold Shares by 0.5% in the 4th quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock worth $168,309,000 after purchasing an additional 3,470 shares during the period. Fisher Asset Management LLC lifted its position in shares of SPDR Gold Shares by 132.3% in the 4th quarter. Fisher Asset Management LLC now owns 4,713 shares of the exchange traded fund’s stock worth $1,141,000 after purchasing an additional 2,684 shares during the period. WR Wealth Planners LLC lifted its position in shares of SPDR Gold Shares by 50.9% in the 4th quarter. WR Wealth Planners LLC now owns 329 shares of the exchange traded fund’s stock worth $80,000 after purchasing an additional 111 shares during the period. Finally, Maripau Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $271,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

NYSEARCA:GLD opened at $263.27 on Friday. SPDR Gold Shares has a 52 week low of $189.23 and a 52 week high of $272.32. The firm has a 50 day moving average of $255.57 and a 200 day moving average of $246.68. The stock has a market capitalization of $79.14 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

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).