GM Advisory Group LLC Has $1.17 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

GM Advisory Group LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,847 shares of the exchange traded fund’s stock after acquiring an additional 353 shares during the period. GM Advisory Group LLC’s holdings in SPDR Gold Shares were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd grew its stake in SPDR Gold Shares by 0.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 24,388 shares of the exchange traded fund’s stock valued at $5,905,000 after acquiring an additional 182 shares during the period. FreeGulliver LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $1,991,000. VSM Wealth Advisory LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $419,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in SPDR Gold Shares by 143.5% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 77,915 shares of the exchange traded fund’s stock valued at $18,866,000 after acquiring an additional 45,913 shares during the period. Finally, Evoke Wealth LLC grew its stake in SPDR Gold Shares by 4.3% in the fourth quarter. Evoke Wealth LLC now owns 55,537 shares of the exchange traded fund’s stock valued at $13,447,000 after acquiring an additional 2,293 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.2 %

NYSEARCA:GLD opened at $279.96 on Wednesday. The stock has a market cap of $84.16 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. The stock has a 50-day moving average price of $262.46 and a two-hundred day moving average price of $250.30. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $280.22.

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).