Tradewinds LLC. Has $1.24 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Tradewinds LLC. boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,624 shares of the exchange traded fund’s stock after purchasing an additional 808 shares during the period. Tradewinds LLC.’s holdings in SPDR Gold Shares were worth $1,239,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $26,000. Roxbury Financial LLC bought a new position in SPDR Gold Shares in 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 fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Compass Planning Associates Inc bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $288.14 on Tuesday. SPDR Gold Shares has a fifty-two week low of $206.29 and a fifty-two week high of $289.13. The company’s 50 day moving average price is $268.42 and its two-hundred day moving average price is $253.41. The firm has a market capitalization of $86.61 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20.

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).