Steward Partners Investment Advisory LLC Has $37.04 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Steward Partners Investment Advisory LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,981 shares of the exchange traded fund’s stock after acquiring an additional 2,851 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SPDR Gold Shares were worth $37,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares during the third quarter worth about $28,000. Roxbury Financial LLC bought a new position in SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp grew its holdings in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the third quarter worth about $35,000. Finally, Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the third quarter worth about $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $266.74 on Tuesday. SPDR Gold Shares has a 52 week low of $193.88 and a 52 week high of $272.32. The stock has a market capitalization of $80.18 billion, a P/E ratio of -28.59 and a beta of 0.20. The stock has a 50-day simple moving average of $256.08 and a 200 day simple moving average of $247.23.

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).