Bay Capital Advisors LLC Makes New $200,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Bay Capital Advisors LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 827 shares of the exchange traded fund’s stock, valued at approximately $200,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at about $31,000. PayPay Securities Corp boosted its stake in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 47 shares during the period. Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares in the 4th quarter worth about $39,000. Compass Planning Associates Inc bought a new stake in SPDR Gold Shares in the fourth quarter worth $39,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in SPDR Gold Shares by 54.0% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 68 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.4 %

GLD opened at $277.25 on Tuesday. The stock’s 50 day moving average price is $265.10 and its two-hundred day moving average price is $251.67. The firm has a market capitalization of $83.34 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $200.97 and a 12-month high of $281.48.

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).