Bridgewater Advisors Inc. Has $2.91 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Bridgewater Advisors Inc. lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,515 shares of the exchange traded fund’s stock after selling 752 shares during the period. Bridgewater Advisors Inc.’s holdings in SPDR Gold Shares were worth $2,912,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. grew its position in shares of SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after acquiring an additional 33 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of SPDR Gold Shares by 6.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after acquiring an additional 35 shares during the period. Stewardship Advisors LLC lifted its stake in shares of SPDR Gold Shares by 2.6% in the first quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock worth $415,000 after acquiring an additional 36 shares during the period. JBR Co Financial Management Inc raised its position in shares of SPDR Gold Shares by 2.1% in the 1st quarter. JBR Co Financial Management Inc now owns 1,741 shares of the exchange traded fund’s stock worth $502,000 after acquiring an additional 36 shares in the last quarter. Finally, Mayfair Advisory Group LLC raised its position in shares of SPDR Gold Shares by 1.3% in the 1st quarter. Mayfair Advisory Group LLC now owns 2,844 shares of the exchange traded fund’s stock worth $819,000 after acquiring an additional 36 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.6%

Shares of GLD opened at $307.37 on Tuesday. SPDR Gold Shares has a 12-month low of $217.52 and a 12-month high of $317.63. The business’s fifty day moving average is $306.55 and its 200 day moving average is $284.52. The stock has a market cap of $101.74 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).