Purkiss Capital Advisors LLC Invests $1.36 Million in SPDR Gold Shares (NYSEARCA:GLD)

Purkiss Capital Advisors LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,606 shares of the exchange traded fund’s stock, valued at approximately $1,357,000. SPDR Gold Shares comprises approximately 1.2% of Purkiss Capital Advisors LLC’s holdings, making the stock its 19th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its position in SPDR Gold Shares by 24,245.2% in the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after buying an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after purchasing an additional 114,151 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

Shares of GLD stock opened at $263.27 on Friday. SPDR Gold Shares has a 12 month low of $189.23 and a 12 month high of $272.32. The company has a market cap of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20. The business’s 50 day moving average is $255.57 and its two-hundred day moving average is $246.81.

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).