Orion Capital Management LLC Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Orion Capital Management LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 800 shares of the exchange traded fund’s stock, valued at approximately $194,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in SPDR Gold Shares in the fourth quarter valued at about $547,000. Annex Advisory Services LLC increased its holdings in shares of SPDR Gold Shares by 2.6% during the fourth quarter. Annex Advisory Services LLC now owns 1,877 shares of the exchange traded fund’s stock valued at $454,000 after acquiring an additional 48 shares in the last quarter. Diversify Wealth Management LLC raised its position in shares of SPDR Gold Shares by 10.0% in the 4th quarter. Diversify Wealth Management LLC now owns 2,770 shares of the exchange traded fund’s stock valued at $688,000 after purchasing an additional 252 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in SPDR Gold Shares by 8.5% in the 4th quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 93 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its position in SPDR Gold Shares by 3.5% during the 4th quarter. Harbor Investment Advisory LLC now owns 17,589 shares of the exchange traded fund’s stock worth $4,259,000 after purchasing an additional 595 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.9%

Shares of SPDR Gold Shares stock opened at $303.58 on Wednesday. The firm’s 50 day simple moving average is $293.75 and its two-hundred day simple moving average is $266.94. The firm has a market capitalization of $91.26 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a 12-month low of $211.54 and a 12-month high of $317.63.

SPDR Gold Shares Profile

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).