SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 226.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 577 shares of the exchange traded fund’s stock after buying an additional 400 shares during the quarter. GAMMA Investing LLC’s holdings in SPDR Gold Shares were worth $166,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SPDR Gold Shares by 6.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after buying an additional 35 shares during the last quarter. KMG Fiduciary Partners LLC raised its stake in SPDR Gold Shares by 1.1% during the first quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock worth $1,027,000 after acquiring an additional 38 shares during the period. Marcum Wealth LLC lifted its holdings in SPDR Gold Shares by 4.3% in the first quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock worth $275,000 after acquiring an additional 39 shares during the last quarter. Wealth Advisors of Iowa LLC boosted its stake in SPDR Gold Shares by 3.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 40 shares during the period. Finally, Somerset Trust Co boosted its stake in SPDR Gold Shares by 2.4% in the first quarter. Somerset Trust Co now owns 1,730 shares of the exchange traded fund’s stock valued at $498,000 after acquiring an additional 40 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.7%

Shares of SPDR Gold Shares stock opened at $307.14 on Friday. The business’s 50 day simple moving average is $306.16 and its 200-day simple moving average is $281.20. The stock has a market capitalization of $101.60 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $217.27 and a twelve month 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).