Polar Asset Management Partners Inc. Buys New Shares in SPDR Gold Shares (NYSEARCA:GLD)

Polar Asset Management Partners Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel reports. The fund bought 17,452 shares of the exchange traded fund’s stock, valued at approximately $4,226,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $26,000. Roxbury Financial LLC purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $31,000. PayPay Securities Corp grew its stake 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 buying an additional 47 shares during the period. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $39,000. Finally, Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $39,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.6%

GLD opened at $297.84 on Friday. SPDR Gold Shares has a 52-week low of $211.54 and a 52-week high of $317.63. The company has a 50 day moving average of $292.13 and a two-hundred day moving average of $265.95. The company has a market cap of $89.53 billion, a P/E ratio of -32.43 and a beta of 0.12.

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).