SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Ethos Financial Group LLC

Ethos Financial Group LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 17,065 shares of the exchange traded fund’s stock after purchasing an additional 146 shares during the quarter. Ethos Financial Group LLC’s holdings in SPDR Gold Shares were worth $4,800,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. lifted its holdings in SPDR Gold Shares by 11.0% in the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after purchasing an additional 204,676 shares during the period. Leigh Baldwin & CO. LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $401,829,000. Ameriprise Financial Inc. lifted its holdings in SPDR Gold Shares by 10.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after purchasing an additional 136,120 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SPDR Gold Shares by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock worth $350,914,000 after purchasing an additional 106,648 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in SPDR Gold Shares by 16.5% in the first quarter. Commonwealth Equity Services LLC now owns 1,141,703 shares of the exchange traded fund’s stock worth $328,970,000 after purchasing an additional 161,638 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1%

GLD stock opened at $307.43 on Friday. The company has a market capitalization of $102.50 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a 50-day simple moving average of $308.55 and a 200 day simple moving average of $294.36. SPDR Gold Shares has a fifty-two week low of $228.26 and a fifty-two week high of $317.63.

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).