World Investment Advisors Buys 6,151 Shares of SPDR Gold Shares $GLD

World Investment Advisors increased its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,778 shares of the exchange traded fund’s stock after acquiring an additional 6,151 shares during the period. World Investment Advisors’ holdings in SPDR Gold Shares were worth $12,990,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GLD. Calder Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $807,000. Empirical Asset Management LLC lifted its position in shares of SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after acquiring an additional 26,197 shares in the last quarter. Colonial Trust Advisors lifted its position in shares of SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after acquiring an additional 1,385 shares in the last quarter. FAS Wealth Partners Inc. lifted its position in shares of SPDR Gold Shares by 71.1% during the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after acquiring an additional 8,691 shares in the last quarter. Finally, Ervin Investment Management LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $7,178,000. 42.19% of the stock is owned by institutional investors.

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SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $432.93 on Wednesday. The company has a market cap of $157.46 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock’s fifty day moving average price is $438.64 and its two-hundred day moving average price is $422.25. SPDR Gold Shares has a 1 year low of $291.78 and a 1 year high of $509.70.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

See Also

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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