Novem Group Invests $436,000 in SPDR Gold Shares (NYSEARCA:GLD)

Novem Group purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,801 shares of the exchange traded fund’s stock, valued at approximately $436,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GLD. Tallon Kerry Patrick bought a new position in SPDR Gold Shares in the 4th quarter valued at approximately $547,000. Ironwood Wealth Management LLC. lifted its stake in SPDR Gold Shares by 8.5% in the 4th quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 93 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in SPDR Gold Shares by 20.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 2,640 shares of the exchange traded fund’s stock valued at $639,000 after purchasing an additional 440 shares during the last quarter. Dakota Wealth Management lifted its stake in SPDR Gold Shares by 1.4% in the 4th quarter. Dakota Wealth Management now owns 23,339 shares of the exchange traded fund’s stock valued at $5,651,000 after purchasing an additional 315 shares during the last quarter. Finally, Advisory Alpha LLC lifted its stake in SPDR Gold Shares by 39.2% in the 4th quarter. Advisory Alpha LLC now owns 2,621 shares of the exchange traded fund’s stock valued at $635,000 after purchasing an additional 738 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $303.11 on Friday. The company has a market cap of $91.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12. The firm has a 50 day simple moving average of $294.89 and a 200 day simple moving average of $267.56. SPDR Gold Shares has a one year low of $211.54 and a one year high of $317.63.

About SPDR Gold Shares

(Free Report)

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).

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