SPDR Gold Shares $GLD Stake Lifted by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 28.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,584 shares of the exchange traded fund’s stock after buying an additional 797 shares during the period. Thompson Davis & CO. Inc.’s holdings in SPDR Gold Shares were worth $1,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings 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 buying an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its position in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in SPDR Gold Shares by 8.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 15,647 shares of the exchange traded fund’s stock valued at $4,508,000 after acquiring an additional 1,202 shares during the period. Tectonic Advisors LLC raised its stake in SPDR Gold Shares by 2.5% during the 1st quarter. Tectonic Advisors LLC now owns 2,062 shares of the exchange traded fund’s stock valued at $594,000 after acquiring an additional 50 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC raised its stake in SPDR Gold Shares by 40.7% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 5,940 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 1,719 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $387.68 on Thursday. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30. The stock has a market cap of $140.30 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The business has a fifty day moving average of $360.34 and a 200-day moving average of $326.28.

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).