Eagle Rock Investment Company LLC Invests $284,000 in SPDR Gold Shares (NYSEARCA:GLD)

Eagle Rock Investment Company LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 985 shares of the exchange traded fund’s stock, valued at approximately $284,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its stake in SPDR Gold Shares by 6.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after buying an additional 35 shares during the last quarter. Marcum Wealth LLC lifted its stake in SPDR Gold Shares by 4.3% in the first quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock valued at $275,000 after buying an additional 39 shares during the last quarter. Clarus Group Inc. lifted its stake in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 40 shares during the last quarter. Kellett Wealth Advisors LLC lifted its stake in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after buying an additional 40 shares during the last quarter. Finally, Wealth Advisors of Iowa LLC lifted its stake in SPDR Gold Shares by 3.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.3%

Shares of NYSEARCA GLD opened at $305.18 on Friday. SPDR Gold Shares has a twelve month low of $211.54 and a twelve month high of $317.63. The stock has a 50 day moving average of $300.63 and a two-hundred day moving average of $272.44. The stock has a market cap of $99.79 billion, a P/E ratio of -32.43 and a beta of 0.11.

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).