Maripau Wealth Management LLC Acquires Shares of 1,120 SPDR Gold Shares (NYSEARCA:GLD)

Maripau Wealth Management LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,120 shares of the exchange traded fund’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at $6,213,000. Flputnam Investment Management Co. grew its holdings in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Flputnam Investment Management Co. now owns 10,683 shares of the exchange traded fund’s stock worth $2,587,000 after purchasing an additional 74 shares in the last quarter. Fortress Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth $425,000. Ergawealth Advisors Inc. acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth $338,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of SPDR Gold Shares by 232.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 631 shares of the exchange traded fund’s stock worth $153,000 after purchasing an additional 441 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD opened at $263.27 on Friday. The firm has a market cap of $79.14 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52-week low of $189.23 and a 52-week high of $272.32. The business’s fifty day moving average is $255.57 and its 200-day moving average is $246.68.

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).