Pine Haven Investment Counsel Inc Acquires Shares of 779 SPDR Gold Shares (NYSEARCA:GLD)

Pine Haven Investment Counsel Inc acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 779 shares of the exchange traded fund’s stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of GLD. Proficio Capital Partners LLC raised its holdings in SPDR Gold Shares by 24,245.2% during the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after purchasing an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $450,109,000. Leigh Baldwin & CO. LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at $401,829,000. Wealthfront Advisers LLC grew its position in shares of SPDR Gold Shares by 1,374.2% in the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after buying an additional 1,045,499 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in SPDR Gold Shares by 24,600.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $305.18 on Friday. SPDR Gold Shares has a 1-year low of $211.54 and a 1-year high of $317.63. The stock has a market cap of $99.79 billion, a PE ratio of -32.43 and a beta of 0.11. The firm has a fifty day moving average price of $300.63 and a 200 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).