Purkiss Capital Advisors LLC Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Purkiss Capital Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,606 shares of the exchange traded fund’s stock after acquiring an additional 1,000 shares during the period. SPDR Gold Shares accounts for 1.4% of Purkiss Capital Advisors LLC’s portfolio, making the stock its 13th largest holding. Purkiss Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,904,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Securities Inc. grew its stake in shares of 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 worth $2,968,000 after buying an additional 33 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SPDR Gold Shares by 6.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after purchasing an additional 35 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of SPDR Gold Shares by 0.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after purchasing an additional 35 shares during the period. FourThought Financial Partners LLC boosted its stake in shares of SPDR Gold Shares by 3.5% during the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 35 shares during the period. Finally, Stewardship Advisors LLC boosted its stake in shares of SPDR Gold Shares by 2.6% during the 1st quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 36 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.9%

GLD stock opened at $307.40 on Monday. SPDR Gold Shares has a 12 month low of $219.04 and a 12 month high of $317.63. The company has a 50-day moving average price of $307.94 and a 200 day moving average price of $288.69. The stock has a market cap of $102.00 billion, a PE 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).