SPDR Gold Shares (NYSEARCA:GLD) Stake Raised by World Equity Group Inc.

World Equity Group Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 107.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,582 shares of the exchange traded fund’s stock after acquiring an additional 14,794 shares during the period. SPDR Gold Shares makes up 1.5% of World Equity Group Inc.’s portfolio, making the stock its 9th biggest position. World Equity Group Inc.’s holdings in SPDR Gold Shares were worth $6,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at $28,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at $31,000. PayPay Securities Corp boosted its position in shares of SPDR Gold Shares by 55.3% during the fourth 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 last quarter. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at $35,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.1 %

SPDR Gold Shares stock opened at $270.74 on Friday. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84. The business’s fifty day moving average is $253.00 and its 200 day moving average is $245.32.

SPDR Gold Shares 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).