SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by TCM Advisors LLC

TCM Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,200 shares of the exchange traded fund’s stock after purchasing an additional 800 shares during the period. SPDR Gold Shares accounts for approximately 0.7% of TCM Advisors LLC’s holdings, making the stock its 5th biggest holding. TCM Advisors LLC’s holdings in SPDR Gold Shares were worth $7,554,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GLD. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares in the fourth quarter valued at about $26,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp raised its position in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Keystone Financial Group Inc. bought a new position in SPDR Gold Shares during the 4th quarter worth approximately $39,000. Finally, Compass Planning Associates Inc acquired a new position in SPDR Gold Shares during the fourth quarter valued at approximately $39,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $297.93 on Friday. The firm’s fifty day moving average is $274.59 and its two-hundred day moving average is $256.56. The firm has a market cap of $89.56 billion, a PE ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $210.71 and a twelve month high of $299.28.

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).