First City Capital Management Inc. Acquires 431 Shares of SPDR Gold Shares (NYSEARCA:GLD)

First City Capital Management Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,001 shares of the exchange traded fund’s stock after purchasing an additional 431 shares during the period. First City Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,153,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GLD. Thurston Springer Miller Herd & Titak Inc. raised its holdings in SPDR Gold Shares by 6.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after acquiring an additional 35 shares in the last quarter. Marcum Wealth LLC raised its holdings in SPDR Gold Shares by 4.3% in the 1st quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock valued at $275,000 after acquiring an additional 39 shares in the last quarter. Clarus Group Inc. raised its holdings in SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after acquiring an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC raised its holdings in SPDR Gold Shares by 3.6% in the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares in the last quarter. Finally, Wealth Advisors of Iowa LLC raised its holdings in SPDR Gold Shares by 3.9% in the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $305.18 on Friday. SPDR Gold Shares has a fifty-two week low of $211.54 and a fifty-two week high of $317.63. The stock has a market capitalization of $99.79 billion, a PE ratio of -32.43 and a beta of 0.11. The business has a fifty day moving average price of $300.63 and a two-hundred day moving average price of $272.44.

SPDR Gold Shares 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).