SPDR Gold Shares $GLD Stock Holdings Boosted by PPSC Investment Service Corp

by · The Markets Daily

PPSC Investment Service Corp boosted its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 10.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 781,981 shares of the exchange traded fund’s stock after buying an additional 70,775 shares during the quarter. SPDR Gold Shares makes up about 26.5% of PPSC Investment Service Corp’s holdings, making the stock its 2nd largest position. PPSC Investment Service Corp owned about 0.21% of SPDR Gold Shares worth $336,479,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Corient Private Wealth LLC grew its stake in shares of SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after acquiring an additional 3,360,966 shares during the period. Morgan Stanley raised its stake in SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after acquiring an additional 2,539,266 shares during the period. Bank of Montreal Can purchased a new stake in SPDR Gold Shares during the third quarter valued at about $556,282,000. Virtu Financial LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at about $474,952,000. Finally, Marino Management LLC bought a new position in SPDR Gold Shares during the fourth quarter worth about $438,475,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Summary

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Down 1.4%

GLD opened at $368.58 on Tuesday. The firm has a 50-day moving average price of $409.64 and a 200-day moving average price of $427.68. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70. The company has a market capitalization of $134.05 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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