Snowden Capital Advisors LLC Purchases 2,214 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Snowden Capital Advisors LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,943 shares of the exchange traded fund’s stock after purchasing an additional 2,214 shares during the quarter. Snowden Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $11,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares during the 4th quarter valued at about $26,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $31,000. PayPay Securities Corp boosted its holdings in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $39,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $39,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 1.6%

Shares of NYSEARCA GLD opened at $297.84 on Friday. The firm’s 50-day moving average price is $292.13 and its 200-day moving average price is $265.95. The company has a market cap of $89.53 billion, a PE ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 52-week low of $211.54 and a 52-week high of $317.63.

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).