Commerce Bank lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,418 shares of the exchange traded fund’s stock after selling 2,904 shares during the period. Commerce Bank’s holdings in SPDR Gold Shares were worth $18,745,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in SPDR Gold Shares during the 4th quarter worth $26,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $31,000. PayPay Securities Corp lifted its position 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 purchasing an additional 47 shares during the period. Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Compass Planning Associates Inc bought a new position in SPDR Gold Shares in the 4th quarter valued at about $39,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Trading Down 0.4 %
Shares of SPDR Gold Shares stock opened at $306.12 on Friday. The company has a market cap of $92.02 billion, a PE ratio of -30.67 and a beta of 0.17. The company has a 50 day moving average of $278.32 and a 200-day moving average of $258.47. SPDR Gold Shares has a 1-year low of $210.71 and a 1-year high of $308.06.
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).
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