Birmingham Capital Management Co. Inc. AL Invests $360,000 in SPDR Gold Shares $GLD

Birmingham Capital Management Co. Inc. AL purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,250 shares of the exchange traded fund’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its position in shares of SPDR Gold Shares by 105.3% during the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after acquiring an additional 896,836 shares during the last quarter. 59 North Capital Management LP raised its position in shares of SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock worth $363,977,000 after acquiring an additional 547,018 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of SPDR Gold Shares by 604.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after acquiring an additional 471,032 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of SPDR Gold Shares by 11.0% during the first quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after acquiring an additional 204,676 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of SPDR Gold Shares by 148.8% during the first quarter. TD Asset Management Inc now owns 328,750 shares of the exchange traded fund’s stock worth $94,726,000 after acquiring an additional 196,615 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $335.26 on Thursday. SPDR Gold Shares has a 1 year low of $231.09 and a 1 year high of $338.31. The company has a market capitalization of $111.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The business has a 50-day moving average of $312.17 and a 200-day moving average of $300.74.

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).