Apriem Advisors Raises Stake in SPDR Gold Shares (NYSEARCA:GLD)

Apriem Advisors boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,000 shares of the exchange traded fund’s stock after purchasing an additional 44 shares during the quarter. Apriem Advisors’ holdings in SPDR Gold Shares were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $31,000. PayPay Securities Corp increased its holdings in shares of SPDR Gold Shares by 55.3% in 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 during the period. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares in the third quarter worth $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

SPDR Gold Shares stock opened at $269.03 on Thursday. The stock has a market cap of $80.87 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. The business has a 50-day simple moving average of $254.64 and a 200 day simple moving average of $246.31. SPDR Gold Shares has a 52 week low of $187.88 and a 52 week high of $272.32.

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).