SPDR Gold Shares $GLD Position Increased by IPG Investment Advisors LLC

IPG Investment Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,644 shares of the exchange traded fund’s stock after acquiring an additional 1,284 shares during the period. SPDR Gold Shares comprises approximately 0.9% of IPG Investment Advisors LLC’s portfolio, making the stock its 27th biggest holding. IPG Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $5,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GLD. WPG Advisers LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth $25,000. Chapman Financial Group LLC acquired a new position in SPDR Gold Shares during the second quarter worth $26,000. Hopwood Financial Services Inc. acquired a new position in SPDR Gold Shares during the third quarter worth $27,000. Vestwell Advisors LLC acquired a new position in SPDR Gold Shares during the third quarter worth $27,000. Finally, Eukles Asset Management acquired a new position in SPDR Gold Shares during the fourth quarter worth $27,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $408.49 on Thursday. The company has a market capitalization of $148.57 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The company’s fifty day moving average price is $426.74 and its two-hundred day moving average price is $426.03.

Key Headlines Impacting SPDR Gold Shares

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.

Further Reading

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.