L.M. Kohn & Company increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 197.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,797 shares of the exchange traded fund’s stock after buying an additional 2,521 shares during the period. L.M. Kohn & Company’s holdings in SPDR Gold Shares were worth $1,094,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Murphy & Mullick Capital Management Corp purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $26,000. Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares in the 4th quarter worth $39,000. American National Bank & Trust raised its position in SPDR Gold Shares by 189.4% during the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 125 shares during the period. Mattson Financial Services LLC purchased a new position in SPDR Gold Shares during the fourth quarter valued at $56,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Down 0.5%
GLD opened at $310.26 on Friday. The company has a market cap of $101.46 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a twelve month low of $212.12 and a twelve month high of $317.63. The company has a 50-day moving average price of $305.69 and a 200 day moving average price of $276.52.
SPDR Gold Shares Company 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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