Headinvest LLC Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Headinvest LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,369 shares of the exchange traded fund’s stock after purchasing an additional 1,927 shares during the period. Headinvest LLC’s holdings in SPDR Gold Shares were worth $2,995,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GLD. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $26,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp lifted its stake 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 worth $32,000 after purchasing an additional 47 shares in the last quarter. Keystone Financial Group Inc. acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Compass Planning Associates Inc acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $305.82 on Thursday. The stock’s 50-day moving average is $294.37 and its two-hundred day moving average is $267.21. The stock has a market cap of $91.93 billion, a PE ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 12 month low of $211.54 and a 12 month high of $317.63.

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).