Steel Grove Capital Advisors LLC Acquires 710 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Steel Grove Capital Advisors LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 51.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,090 shares of the exchange traded fund’s stock after purchasing an additional 710 shares during the period. Steel Grove Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Proficio Capital Partners LLC increased its position in SPDR Gold Shares by 24,245.2% during the 4th quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after buying an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $450,109,000. Leigh Baldwin & CO. LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at $401,829,000. Ameriprise Financial Inc. raised its position in shares of SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after purchasing an additional 136,120 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in SPDR Gold Shares by 1,374.2% in the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $310.26 on Thursday. The company has a market capitalization of $101.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a one year low of $212.12 and a one year high of $317.63. The company’s 50-day moving average is $305.33 and its 200 day moving average is $276.06.

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).