FreeGulliver LLC Invests $1.99 Million in SPDR Gold Shares (NYSEARCA:GLD)

FreeGulliver LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,221 shares of the exchange traded fund’s stock, valued at approximately $1,991,000. SPDR Gold Shares accounts for about 0.9% of FreeGulliver LLC’s portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. VSM Wealth Advisory LLC bought a new position in SPDR Gold Shares during the 4th quarter valued at about $419,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SPDR Gold Shares by 143.5% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 77,915 shares of the exchange traded fund’s stock valued at $18,866,000 after purchasing an additional 45,913 shares during the last quarter. Evoke Wealth LLC lifted its holdings in SPDR Gold Shares by 4.3% during the 4th quarter. Evoke Wealth LLC now owns 55,537 shares of the exchange traded fund’s stock valued at $13,447,000 after purchasing an additional 2,293 shares during the last quarter. Entrewealth LLC bought a new position in SPDR Gold Shares during the 4th quarter valued at about $203,000. Finally, Axxcess Wealth Management LLC lifted its holdings in SPDR Gold Shares by 2.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 49,027 shares of the exchange traded fund’s stock valued at $11,871,000 after purchasing an additional 1,176 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.2 %

Shares of GLD stock opened at $279.96 on Wednesday. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $280.22. The company has a market capitalization of $84.16 billion, a P/E ratio of -29.30 and a beta of 0.20. The firm has a 50-day moving average price of $262.46 and a 200 day moving average price of $250.30.

SPDR Gold Shares Company 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).