Maridea Wealth Management LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Maridea Wealth Management LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel.com reports. The fund acquired 23,397 shares of the exchange traded fund’s stock, valued at approximately $5,665,000. SPDR Gold Shares comprises about 1.8% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares in the fourth quarter valued at $26,000. Roxbury Financial LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp lifted its holdings 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 buying an additional 47 shares during the period. Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $39,000. Finally, Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

Shares of NYSEARCA:GLD opened at $284.06 on Friday. SPDR Gold Shares has a 12-month low of $206.29 and a 12-month high of $284.64. The business has a 50 day moving average of $267.64 and a two-hundred day moving average of $252.76. The company has a market capitalization of $85.39 billion, a PE ratio of -29.30 and a beta of 0.20.

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).