Grant Private Wealth Management Inc purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 860 shares of the exchange traded fund’s stock, valued at approximately $248,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares during the 4th quarter valued at $31,000. Compass Planning Associates Inc bought a new stake in SPDR Gold Shares during the 4th quarter valued at $39,000. American National Bank & Trust raised its position in shares of SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 125 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its position in shares of SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 41 shares in the last quarter. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Trading Up 1.3%
GLD opened at $316.29 on Friday. The firm has a market cap of $103.43 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 12 month low of $212.12 and a 12 month high of $317.63. The stock has a fifty day moving average price of $303.57 and a 200-day moving average price of $274.89.
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).
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