Oppenheimer & Close LLC Lowers Position in SPDR Gold Shares (NYSEARCA:GLD)

Oppenheimer & Close LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,263 shares of the exchange traded fund’s stock after selling 1,540 shares during the quarter. SPDR Gold Shares comprises about 4.3% of Oppenheimer & Close LLC’s portfolio, making the stock its 7th largest position. Oppenheimer & Close LLC’s holdings in SPDR Gold Shares were worth $5,262,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLD. Brighton Jones LLC boosted its position in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the period. Proficio Capital Partners LLC increased its stake in SPDR Gold Shares by 38.1% during the 4th quarter. Proficio Capital Partners LLC now owns 344,610 shares of the exchange traded fund’s stock valued at $83,440,000 after purchasing an additional 95,059 shares in the last quarter. Welch & Forbes LLC increased its stake in SPDR Gold Shares by 23.6% during the 4th quarter. Welch & Forbes LLC now owns 3,032 shares of the exchange traded fund’s stock valued at $734,000 after purchasing an additional 579 shares in the last quarter. Berkshire Asset Management LLC PA grew its stake in shares of 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 grew its stake in shares of 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. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $307.14 on Friday. SPDR Gold Shares has a fifty-two week low of $217.27 and a fifty-two week high of $317.63. The firm has a 50-day moving average of $306.16 and a 200 day moving average of $281.50. The firm has a market cap of $101.60 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).