Compass Ion Advisors LLC Has $2.06 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Compass Ion Advisors LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,521 shares of the exchange traded fund’s stock after selling 117 shares during the period. Compass Ion Advisors LLC’s holdings in SPDR Gold Shares were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GLD. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $31,000. PayPay Securities Corp grew 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 valued at $32,000 after purchasing an additional 47 shares during the last quarter. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Finally, SOA Wealth Advisors LLC. grew its stake in shares of SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $279.96 on Wednesday. SPDR Gold Shares has a one year low of $198.94 and a one year high of $280.22. The company’s 50 day simple moving average is $262.46 and its 200-day simple moving average is $250.30. The stock has a market capitalization of $84.16 billion, a P/E ratio of -29.30 and a beta of 0.20.

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).