Fountainhead AM LLC Purchases 1,951 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Fountainhead AM LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 132.3% during the first quarter, HoldingsChannel reports. The fund owned 3,426 shares of the exchange traded fund’s stock after buying an additional 1,951 shares during the quarter. Fountainhead AM LLC’s holdings in SPDR Gold Shares were worth $987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Leigh Baldwin & CO. LLC bought a new position in SPDR Gold Shares in the fourth quarter worth approximately $401,829,000. DAVENPORT & Co LLC raised its stake in shares of SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares during the last quarter. Mizuho Bank Ltd. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $145,278,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock valued at $158,174,000 after acquiring an additional 471,032 shares during the last quarter. Finally, 59 North Capital Management LP increased its position in shares of SPDR Gold Shares by 116.1% during the fourth quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock valued at $173,408,000 after acquiring an additional 384,840 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded up $0.80 during trading hours on Friday, reaching $308.39. The stock had a trading volume of 5,556,329 shares, compared to its average volume of 8,587,868. The stock has a 50 day simple moving average of $306.41 and a 200 day simple moving average of $285.75. SPDR Gold Shares has a 12-month low of $217.52 and a 12-month high of $317.63. The stock has a market cap of $101.98 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).