Paul R. Ried Financial Group LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 784 shares of the exchange traded fund’s stock, valued at approximately $226,000. SPDR Gold Shares accounts for approximately 0.2% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 29th biggest holding.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares in the fourth quarter worth $26,000. HWG Holdings LP purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $53,000. American National Bank & Trust grew its position in shares of SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 125 shares during the period. Inlight Wealth Management LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter worth about $55,000. Finally, Mattson Financial Services LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
NYSEARCA:GLD opened at $307.14 on Friday. The firm has a market capitalization of $102.40 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $217.27 and a one year high of $317.63. The company’s 50-day simple moving average is $306.12 and its 200 day simple moving average is $280.77.
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).
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