Woodmont Investment Counsel LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 666 shares of the exchange traded fund’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC boosted its holdings in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares during the period. Miracle Mile Advisors LLC grew its holdings in SPDR Gold Shares by 15.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 5,811 shares of the exchange traded fund’s stock valued at $1,674,000 after purchasing an additional 796 shares in the last quarter. KMG Fiduciary Partners LLC increased its position in shares of SPDR Gold Shares by 1.1% during the first quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock worth $1,027,000 after acquiring an additional 38 shares during the last quarter. Finally, OLD National Bancorp IN raised its position in shares of SPDR Gold Shares by 2.4% in the 1st quarter. OLD National Bancorp IN now owns 11,213 shares of the exchange traded fund’s stock valued at $3,231,000 after purchasing an additional 266 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
GLD opened at $364.38 on Tuesday. The company has a market capitalization of $129.65 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1-year low of $236.13 and a 1-year high of $365.30. The company has a 50-day moving average of $325.72 and a 200-day moving average of $310.51.
SPDR Gold Shares Company 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).
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