Lyell Wealth Management LP Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Lyell Wealth Management LP boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,441 shares of the exchange traded fund’s stock after buying an additional 3,343 shares during the quarter. Lyell Wealth Management LP’s holdings in SPDR Gold Shares were worth $9,550,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter worth about $28,000. Roxbury Financial LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp boosted its stake 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 valued at $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $270.70 on Wednesday. The firm has a 50 day simple moving average of $251.61 and a 200-day simple moving average of $244.45. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.01.

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).