Capital & Planning LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 750 shares of the exchange traded fund’s stock, valued at approximately $216,000.
A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Brighton Jones LLC lifted its stake in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in SPDR Gold Shares by 38.1% in the 4th quarter. Proficio Capital Partners LLC now owns 344,610 shares of the exchange traded fund’s stock worth $83,440,000 after acquiring an additional 95,059 shares in the last quarter. Welch & Forbes LLC lifted its stake in SPDR Gold Shares by 23.6% in the 4th quarter. Welch & Forbes LLC now owns 3,032 shares of the exchange traded fund’s stock worth $734,000 after acquiring an additional 579 shares in the last quarter. Berkshire Asset Management LLC PA lifted its stake in SPDR Gold Shares by 301.7% in the 4th quarter. Berkshire Asset Management LLC PA now owns 4,716 shares of the exchange traded fund’s stock worth $1,142,000 after acquiring an additional 3,542 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its stake in SPDR Gold Shares by 46.7% in the 4th quarter. Aviance Capital Partners LLC now owns 2,213 shares of the exchange traded fund’s stock worth $536,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 0.7%
Shares of SPDR Gold Shares stock opened at $307.14 on Friday. The stock has a 50-day moving average price of $306.16 and a 200 day moving average price of $281.50. The company has a market cap of $101.60 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $217.27 and a 1 year high of $317.63.
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).
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