Scarborough Advisors LLC Buys 5,852 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Scarborough Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,877 shares of the exchange traded fund’s stock after buying an additional 5,852 shares during the period. SPDR Gold Shares makes up about 1.1% of Scarborough Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Scarborough Advisors LLC’s holdings in SPDR Gold Shares were worth $7,961,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at approximately $28,000. PayPay Securities Corp increased its holdings in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $38,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth $39,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $266.29 on Friday. The stock has a fifty day simple moving average of $250.28 and a two-hundred day simple moving average of $243.26. SPDR Gold Shares has a 12 month low of $184.84 and a 12 month high of $270.39.

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).