Focus Financial Network Inc. Acquires 1,937 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Focus Financial Network Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,569 shares of the exchange traded fund’s stock after buying an additional 1,937 shares during the period. Focus Financial Network Inc.’s holdings in SPDR Gold Shares were worth $8,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp raised its stake in 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 buying an additional 47 shares during the period. Compass Planning Associates Inc bought a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $39,000. Finally, American National Bank & Trust raised its stake in SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 125 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.0%

Shares of NYSEARCA GLD opened at $306.71 on Wednesday. The firm has a market cap of $100.29 billion, a P/E ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63. The business’s 50 day moving average is $301.41 and its 200-day moving average is $273.45.

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).