Belpointe Asset Management LLC Acquires 1,237 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Belpointe Asset Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,263 shares of the exchange traded fund’s stock after purchasing an additional 1,237 shares during the quarter. Belpointe Asset Management LLC’s holdings in SPDR Gold Shares were worth $6,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth $1,929,000. SOA Wealth Advisors LLC. lifted its holdings in SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 68 shares during the last quarter. World Investment Advisors LLC lifted its holdings in SPDR Gold Shares by 17.3% during the third quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock valued at $3,762,000 after purchasing an additional 2,288 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in SPDR Gold Shares by 451.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 55,860 shares of the exchange traded fund’s stock worth $13,577,000 after purchasing an additional 45,724 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of SPDR Gold Shares by 12.7% in the third quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock worth $3,609,000 after purchasing an additional 1,676 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.9 %

NYSEARCA GLD opened at $297.93 on Monday. The company’s 50 day moving average is $274.59 and its 200-day moving average is $256.63. The firm has a market cap of $89.56 billion, a P/E ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a 12-month low of $210.71 and a 12-month high of $299.28.

About SPDR Gold Shares

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).