Flagship Private Wealth LLC Has $2.87 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Flagship Private Wealth LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.1% in the first quarter, HoldingsChannel.com reports. The firm owned 9,950 shares of the exchange traded fund’s stock after acquiring an additional 911 shares during the period. SPDR Gold Shares comprises 1.4% of Flagship Private Wealth LLC’s investment portfolio, making the stock its 21st largest holding. Flagship Private Wealth LLC’s holdings in SPDR Gold Shares were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares in the fourth quarter valued at $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at $31,000. PayPay Securities Corp grew its position 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 acquiring 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 $39,000. Finally, Pittenger & Anderson Inc. grew its position in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 41 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $305.18 on Friday. The business’s fifty day moving average price is $300.63 and its two-hundred day moving average price is $272.64. SPDR Gold Shares has a fifty-two week low of $212.12 and a fifty-two week high of $317.63. The stock has a market capitalization of $99.79 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).