Byrne Financial Freedom LLC Acquires New Position in SPDR Gold Shares (NYSEARCA:GLD)

Byrne Financial Freedom LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, Holdings Channel.com reports. The fund acquired 861 shares of the exchange traded fund’s stock, valued at approximately $248,000.

Other large investors also recently bought and sold shares of the company. Leigh Baldwin & CO. LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $401,829,000. Wealthfront Advisers LLC boosted its holdings in SPDR Gold Shares by 1,374.2% in the fourth 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 during the period. DAVENPORT & Co LLC boosted its holdings in SPDR Gold Shares by 105.3% in the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares during the period. Mizuho Bank Ltd. bought a new stake in SPDR Gold Shares during the fourth quarter valued at $145,278,000. Finally, 59 North Capital Management LP raised its holdings in shares of SPDR Gold Shares by 116.1% during the fourth quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock worth $173,408,000 after purchasing an additional 384,840 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $307.14 on Monday. SPDR Gold Shares has a 1 year low of $217.27 and a 1 year high of $317.63. The firm’s 50-day moving average is $306.16 and its 200-day moving average is $281.79. The company has a market cap of $101.60 billion, a P/E ratio of -32.43 and a beta of 0.15.

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).