Bfsg LLC Has $12.10 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Bfsg LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 41,988 shares of the exchange traded fund’s stock after selling 196 shares during the quarter. SPDR Gold Shares makes up about 1.5% of Bfsg LLC’s portfolio, making the stock its 10th largest position. Bfsg LLC’s holdings in SPDR Gold Shares were worth $12,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GLD. Murphy & Mullick Capital Management Corp bought a new position in SPDR Gold Shares in the fourth quarter worth $26,000. Compass Planning Associates Inc bought a new position in SPDR Gold Shares in the 4th quarter valued at $39,000. American National Bank & Trust raised its holdings in shares of SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 125 shares during the last quarter. Pittenger & Anderson Inc. raised its position in 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 purchasing an additional 41 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $56,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 1.4%

Shares of NYSEARCA:GLD opened at $311.78 on Tuesday. The stock has a market capitalization of $101.95 billion, a P/E ratio of -32.43 and a beta of 0.11. The business has a 50-day moving average price of $304.30 and a two-hundred day moving average price of $275.57. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63.

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).