SBI Securities Co. Ltd. Acquires 24,596 Shares of SPDR Gold Shares (NYSEARCA:GLD)

SBI Securities Co. Ltd. boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,495 shares of the exchange traded fund’s stock after acquiring an additional 24,596 shares during the quarter. SPDR Gold Shares accounts for 0.7% of SBI Securities Co. Ltd.’s holdings, making the stock its 24th largest holding. SBI Securities Co. Ltd.’s holdings in SPDR Gold Shares were worth $22,329,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 4.0% during the first quarter. Cornerstone Wealth Management LLC now owns 10,110 shares of the exchange traded fund’s stock worth $2,913,000 after buying an additional 388 shares during the last quarter. Marmo Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the first quarter worth $218,000. Lloyd Advisory Services LLC. bought a new stake in shares of SPDR Gold Shares during the first quarter worth $217,000. Horizon Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 61.6% during the first quarter. Horizon Wealth Management LLC now owns 82,640 shares of the exchange traded fund’s stock worth $23,812,000 after buying an additional 31,514 shares during the last quarter. Finally, Lake Hills Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 69.5% during the first quarter. Lake Hills Wealth Management LLC now owns 35,881 shares of the exchange traded fund’s stock worth $10,339,000 after buying an additional 14,717 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $309.14 on Monday. The firm has a market cap of $102.17 billion, a PE ratio of -32.43 and a beta of 0.15. The firm’s fifty day moving average is $306.53 and its 200-day moving average is $284.05. SPDR Gold Shares has a 52 week low of $217.52 and a 52 week 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).