SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Rice Partnership LLC

Rice Partnership LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 144,654 shares of the exchange traded fund’s stock after acquiring an additional 1,091 shares during the quarter. SPDR Gold Shares makes up 8.6% of Rice Partnership LLC’s portfolio, making the stock its 2nd biggest holding. Rice Partnership LLC’s holdings in SPDR Gold Shares were worth $41,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of SPDR Gold Shares by 38.1% during the fourth quarter. Proficio Capital Partners LLC now owns 344,610 shares of the exchange traded fund’s stock valued at $83,440,000 after acquiring an additional 95,059 shares during the last quarter. Welch & Forbes LLC increased its position in shares of SPDR Gold Shares by 23.6% during the fourth quarter. Welch & Forbes LLC now owns 3,032 shares of the exchange traded fund’s stock valued at $734,000 after acquiring an additional 579 shares during the last quarter. Berkshire Asset Management LLC PA increased its position in shares of SPDR Gold Shares by 301.7% during the fourth quarter. Berkshire Asset Management LLC PA now owns 4,716 shares of the exchange traded fund’s stock valued at $1,142,000 after acquiring an additional 3,542 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its position in shares of SPDR Gold Shares by 46.7% during the fourth quarter. Aviance Capital Partners LLC now owns 2,213 shares of the exchange traded fund’s stock valued at $536,000 after acquiring an additional 704 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $307.14 on Friday. SPDR Gold Shares has a 1-year low of $217.27 and a 1-year high of $317.63. The stock has a market cap of $101.60 billion, a PE ratio of -32.43 and a beta of 0.15. The firm has a 50-day simple moving average of $306.16 and a two-hundred day simple moving average of $281.50.

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).