Jacobi Capital Management LLC Grows Stock Position in SPDR Gold Shares $GLD

Jacobi Capital Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,900 shares of the exchange traded fund’s stock after purchasing an additional 81 shares during the period. SPDR Gold Shares comprises approximately 1.0% of Jacobi Capital Management LLC’s holdings, making the stock its 12th biggest position. Jacobi Capital Management LLC’s holdings in SPDR Gold Shares were worth $12,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new position in SPDR Gold Shares in the first quarter worth approximately $30,000. Stone House Investment Management LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth $34,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the 1st quarter worth $34,000. Legacy Wealth Managment LLC ID raised its holdings in SPDR Gold Shares by 51.1% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, HWG Holdings LP purchased a new position in SPDR Gold Shares during the first quarter valued at $53,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $335.26 on Thursday. The stock has a 50-day simple moving average of $312.17 and a two-hundred day simple moving average of $300.74. SPDR Gold Shares has a 52-week low of $231.09 and a 52-week high of $338.31. The firm has a market capitalization of $111.78 billion, a PE 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).