Greenspring Advisors LLC Invests $557,000 in SPDR Gold Shares $GLD

Greenspring Advisors LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,405 shares of the exchange traded fund’s stock, valued at approximately $557,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Evolution Wealth Management Inc. lifted its position in shares of SPDR Gold Shares by 16.3% during the fourth quarter. Evolution Wealth Management Inc. now owns 1,173 shares of the exchange traded fund’s stock worth $465,000 after purchasing an additional 164 shares during the last quarter. WCG Wealth Advisors LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $8,175,000. Nvest Financial LLC lifted its position in shares of SPDR Gold Shares by 32.4% during the fourth quarter. Nvest Financial LLC now owns 12,703 shares of the exchange traded fund’s stock worth $5,034,000 after purchasing an additional 3,111 shares during the last quarter. GKV Capital Management Co. Inc. lifted its position in shares of SPDR Gold Shares by 8.1% during the fourth quarter. GKV Capital Management Co. Inc. now owns 18,762 shares of the exchange traded fund’s stock worth $7,436,000 after purchasing an additional 1,401 shares during the last quarter. Finally, Anchor Capital Advisors LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at $336,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.8%

Shares of SPDR Gold Shares stock opened at $411.27 on Friday. The firm has a market cap of $149.58 billion, a P/E ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The stock’s fifty day moving average price is $425.14 and its 200-day moving average price is $427.44.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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