SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Grant GrossMendelsohn LLC

Grant GrossMendelsohn LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.3% in the first quarter, Holdings Channel.com reports. The firm owned 48,978 shares of the exchange traded fund’s stock after purchasing an additional 611 shares during the period. SPDR Gold Shares comprises 8.4% of Grant GrossMendelsohn LLC’s holdings, making the stock its 2nd largest holding. Grant GrossMendelsohn LLC’s holdings in SPDR Gold Shares were worth $15,135,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. lifted its stake in SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 33 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in SPDR Gold Shares by 6.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after purchasing an additional 35 shares during the last quarter. Stewardship Advisors LLC lifted its stake in SPDR Gold Shares by 2.6% in the 1st quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 36 shares during the last quarter. Mayfair Advisory Group LLC lifted its stake in SPDR Gold Shares by 1.3% in the 1st quarter. Mayfair Advisory Group LLC now owns 2,844 shares of the exchange traded fund’s stock valued at $819,000 after purchasing an additional 36 shares during the last quarter. Finally, JBR Co Financial Management Inc lifted its stake in SPDR Gold Shares by 2.1% in the 1st quarter. JBR Co Financial Management Inc now owns 1,741 shares of the exchange traded fund’s stock valued at $502,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

Shares of GLD stock opened at $309.14 on Friday. The firm has a 50 day moving average price of $306.53 and a two-hundred day moving average price of $283.47. The company has a market capitalization of $102.17 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $217.52 and a 12-month high of $317.63.

SPDR Gold Shares 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).