Grant GrossMendelsohn LLC Purchases 67 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Grant GrossMendelsohn LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,758 shares of the exchange traded fund’s stock after acquiring an additional 67 shares during the period. SPDR Gold Shares accounts for 3.9% of Grant GrossMendelsohn LLC’s holdings, making the stock its 3rd largest position. Grant GrossMendelsohn LLC’s holdings in SPDR Gold Shares were worth $9,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. First Personal Financial Services acquired a new position in SPDR Gold Shares during the fourth quarter worth $25,000. Johnson Midwest Financial LLC lifted its stake in shares of SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 140 shares during the last quarter. Private Ocean LLC lifted its stake in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $34,000. Finally, Worth Asset Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $4.05 during trading hours on Monday, hitting $220.94. The company’s stock had a trading volume of 13,223,581 shares, compared to its average volume of 7,809,984. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.09. The firm has a fifty day moving average of $198.31 and a 200-day moving average of $189.37. The stock has a market cap of $63.74 billion, a price-to-earnings ratio of -23.11 and a beta of 0.13.

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).