SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Asset Dedication LLC

Asset Dedication LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 58.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,753 shares of the exchange traded fund’s stock after buying an additional 644 shares during the period. Asset Dedication LLC’s holdings in SPDR Gold Shares were worth $505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Columbia River Financial Group LLC bought a new position in SPDR Gold Shares in the first quarter worth $34,000. HWG Holdings LP bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $53,000. American National Bank & Trust increased its position in shares of SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 125 shares in the last quarter. Finally, Inlight Wealth Management LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $55,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 1.0%

Shares of GLD stock opened at $309.14 on Monday. The firm has a market capitalization of $102.17 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The firm’s 50 day moving average is $306.53 and its 200-day moving average is $284.05. SPDR Gold Shares has a 1 year low of $217.52 and a 1 year high of $317.63.

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).