Noble Wealth Management PBC Invests $2.57 Million in SPDR Gold Shares (NYSEARCA:GLD)

Noble Wealth Management PBC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 10,629 shares of the exchange traded fund’s stock, valued at approximately $2,574,000. SPDR Gold Shares accounts for 1.8% of Noble Wealth Management PBC’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors have also modified their holdings of the company. US Bancorp DE grew its holdings in shares of SPDR Gold Shares by 0.5% during the 4th quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock worth $168,309,000 after purchasing an additional 3,470 shares during the period. Fisher Asset Management LLC boosted its holdings in SPDR Gold Shares by 132.3% in the 4th quarter. Fisher Asset Management LLC now owns 4,713 shares of the exchange traded fund’s stock worth $1,141,000 after acquiring an additional 2,684 shares during the period. WR Wealth Planners LLC boosted its holdings in SPDR Gold Shares by 50.9% in the 4th quarter. WR Wealth Planners LLC now owns 329 shares of the exchange traded fund’s stock worth $80,000 after acquiring an additional 111 shares during the period. Maripau Wealth Management LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $271,000. Finally, SVB Wealth LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $6,213,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6 %

NYSEARCA GLD opened at $263.27 on Friday. The stock has a market cap of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $189.23 and a fifty-two week high of $272.32. The business has a 50 day moving average price of $255.57 and a two-hundred day moving average price of $246.68.

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).