Fourth Dimension Wealth LLC Makes New $2.43 Million Investment in SPDR Gold Shares (NYSEARCA:GLD)

Fourth Dimension Wealth LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,015 shares of the exchange traded fund’s stock, valued at approximately $2,425,000. SPDR Gold Shares makes up approximately 1.3% of Fourth Dimension Wealth LLC’s investment portfolio, making the stock its 22nd largest position.

Other large investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $26,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $31,000. PayPay Securities Corp grew its stake in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 47 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.9%

Shares of SPDR Gold Shares stock opened at $303.11 on Friday. The company has a market capitalization of $91.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 12-month low of $211.54 and a 12-month high of $317.63. The firm’s 50-day moving average price is $294.89 and its two-hundred day moving average price is $267.56.

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).