TME Financial Inc. has added a new stake to its portfolio in SPDR Gold Shares, a gold ETF, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor has increased its holding in the ETF by buying 2,470 shares of the stock, valued at approximately $600,000.
- SPDR Gold Shares has seen an uptick in investor interest, with several other large investors adding to or reducing their stakes in the business.
- The institutional investors have invested in the ETF with varying degrees of enthusiasm, with some making significant additions to their holdings.
Institutional investors and hedge funds now own 42.19% of the company’s stock, indicating a significant level of confidence in the gold market.
Other Investors in SPDR Gold Shares
Other investors have also made notable changes to their holdings in SPDR Gold Shares, including Clarus Group Inc., Kellett Wealth Advisors LLC, Wealth Advisors of Iowa LLC, Magnus Financial Group LLC, and Pittenger & Anderson Inc.
The following investors have increased their stakes in the ETF:
- Clarus Group Inc. has increased its holdings in SPDR Gold Shares by 2.2% during the 4th quarter, adding 40 shares to its portfolio.
- Kellett Wealth Advisors LLC has grown its holdings in the ETF by 3.6% in the fourth quarter, adding 40 shares to its portfolio.
- Wealth Advisors of Iowa LLC has increased its stakes in SPDR Gold Shares by 3.9% in the fourth quarter, adding 40 shares to its portfolio.
- Magnus Financial Group LLC has increased its stake in the ETF by 0.6% in the fourth quarter, adding 41 shares to its portfolio.
- Pittenger & Anderson Inc. has raised its holdings in SPDR Gold Shares by 25.9% during the fourth quarter, adding 41 shares to its portfolio.
The following investors have reduced their stakes in the ETF:
- Some investors have reduced their stakes in SPDR Gold Shares, including those who have sold their shares or reduced their holdings.
It’s worth noting that the investment decisions of institutional investors and hedge funds can have a significant impact on the price of gold and the overall gold market.
SPDR Gold Shares Profile
SPDR Gold Trust (the Trust) is an investment trust that aims to track the performance of the price of gold bullion, minus the Trust’s expenses. The Trust’s business activity is centered around the investment of gold, and it creates and redeems Shares from time to time, with one or more Baskets (a Basket equals 100,000 Shares).
The Trust’s shares are listed on the NYSE under the ticker symbol GLD. The company has a market cap of $89.56 billion, a PE ratio of -30.67, and a beta of 0.17. The stock has a 50-day moving average of $274.59 and a 200-day moving average of $256.56.
Key Statistics
| Market Cap | $89.56 billion |
| PE Ratio | -30.67 |
| Beta | 0.17 |
| 50-day Moving Average | $274.59 |
| 200-day Moving Average | $256.56 |
Investment Strategy
The investment strategy of SPDR Gold Shares is centered around the investment of gold, with the goal of tracking the performance of the price of gold bullion, minus the Trust’s expenses. The Trust creates and redeems Shares from time to time, with one or more Baskets, to achieve its investment objective.
The investment strategy is designed to provide investors with exposure to the gold market, while minimizing the impact of the Trust’s expenses. The Trust’s shares are listed on the NYSE under the ticker symbol GLD, and the company has a market cap of $89.56 billion.
Conclusion
The article highlights the increased interest in SPDR Gold Shares among institutional investors and hedge funds, with several investors making notable additions to their holdings in the ETF. The Trust’s investment strategy is centered around the investment of gold, with the goal of tracking the performance of the price of gold bullion, minus the Trust’s expenses. The Trust’s shares are listed on the NYSE under the ticker symbol GLD, and the company has a market cap of $89.56 billion.
