MSH Capital Advisors LLC Purchases Shares of 2,929 SPDR Gold Shares (NYSEARCA:GLD)

MSH Capital Advisors LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,929 shares of the exchange traded fund’s stock, valued at approximately $709,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. Morse Asset Management Inc bought a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $1,929,000. SOA Wealth Advisors LLC. increased its holdings in SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 68 shares during the last quarter. World Investment Advisors LLC boosted its stake in SPDR Gold Shares by 17.3% in the third quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock valued at $3,762,000 after acquiring an additional 2,288 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of SPDR Gold Shares by 451.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,860 shares of the exchange traded fund’s stock worth $13,577,000 after purchasing an additional 45,724 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of SPDR Gold Shares by 12.7% in the 3rd quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock worth $3,609,000 after purchasing an additional 1,676 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $297.78 on Wednesday. The company has a market capitalization of $89.51 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 1 year low of $210.71 and a 1 year high of $305.73. The business has a fifty day simple moving average of $275.91 and a two-hundred day simple moving average of $257.27.

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).