Welch & Forbes LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Welch & Forbes LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,032 shares of the exchange traded fund’s stock after acquiring an additional 579 shares during the quarter. Welch & Forbes LLC’s holdings in SPDR Gold Shares were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the third quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp raised its position in shares of SPDR Gold Shares by 55.3% in the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.1 %

NYSEARCA GLD opened at $268.39 on Friday. The company’s 50 day moving average is $258.24 and its 200-day moving average is $248.05. SPDR Gold Shares has a 12-month low of $198.94 and a 12-month high of $272.32. The firm has a market cap of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).