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

Moneywise Inc. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 775 shares of the exchange traded fund’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares in the fourth quarter worth approximately $26,000. HWG Holdings LP bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at $53,000. American National Bank & Trust boosted its stake in shares of SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 125 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in shares of SPDR Gold Shares in the first quarter worth $55,000. Finally, Mattson Financial Services LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth $56,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $311.08 on Tuesday. SPDR Gold Shares has a fifty-two week low of $212.12 and a fifty-two week high of $317.63. The business’s 50-day moving average is $306.23 and its two-hundred day moving average is $277.92. The company has a market cap of $101.72 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).