Thompson Davis & CO. Inc. Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Thompson Davis & CO. Inc. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,787 shares of the exchange traded fund’s stock after acquiring an additional 175 shares during the quarter. SPDR Gold Shares accounts for 0.6% of Thompson Davis & CO. Inc.’s portfolio, making the stock its 25th largest position. Thompson Davis & CO. Inc.’s holdings in SPDR Gold Shares were worth $803,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GLD. Brighton Jones LLC increased its position in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares in the last quarter. Invesco Ltd. increased its position in SPDR Gold Shares by 60.6% during the fourth quarter. Invesco Ltd. now owns 156,000 shares of the exchange traded fund’s stock worth $37,772,000 after buying an additional 58,850 shares in the last quarter. Summit Investment Advisors Inc. increased its position in SPDR Gold Shares by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,420 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 65 shares in the last quarter. XTX Topco Ltd purchased a new position in SPDR Gold Shares during the fourth quarter worth $752,000. Finally, United Capital Financial Advisors LLC increased its position in SPDR Gold Shares by 1.8% during the fourth quarter. United Capital Financial Advisors LLC now owns 9,635 shares of the exchange traded fund’s stock worth $2,333,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6%

Shares of NYSEARCA:GLD opened at $307.25 on Friday. The company has a market cap of $102.44 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $225.12 and a 52 week high of $317.63. The business has a fifty day simple moving average of $308.50 and a 200-day simple moving average of $293.72.

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).