Magnolia Private Wealth LLC Buys New Shares in SPDR Gold Shares (NYSEARCA:GLD)

Magnolia Private Wealth LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel reports. The fund purchased 1,450 shares of the exchange traded fund’s stock, valued at approximately $351,000.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the third quarter worth about $28,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at $31,000. PayPay Securities Corp increased its holdings in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the third quarter worth $35,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $38,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.3 %

Shares of NYSEARCA GLD opened at $268.62 on Wednesday. The business’s 50 day moving average price is $254.04 and its two-hundred day moving average price is $246.15. The company has a market cap of $80.75 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a twelve month low of $187.53 and a twelve month high of $272.32.

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).