SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Financial Network Wealth Advisors LLC

Financial Network Wealth Advisors LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 189.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 246 shares of the exchange traded fund’s stock after acquiring an additional 161 shares during the quarter. Financial Network Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $71,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GLD. Leigh Baldwin & CO. LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $401,829,000. DAVENPORT & Co LLC lifted its holdings in SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after buying an additional 896,836 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after buying an additional 471,032 shares in the last quarter. 59 North Capital Management LP lifted its holdings in SPDR Gold Shares by 116.1% during the 4th quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock worth $173,408,000 after buying an additional 384,840 shares in the last quarter. Finally, Natixis lifted its holdings in SPDR Gold Shares by 107.1% during the 4th quarter. Natixis now owns 14,166 shares of the exchange traded fund’s stock worth $3,430,000 after buying an additional 213,277 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.3%

SPDR Gold Shares stock opened at $309.21 on Thursday. The firm has a market cap of $103.09 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $225.12 and a 52-week high of $317.63. The company’s 50 day moving average is $308.55 and its two-hundred day moving average is $293.35.

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).