Directional Asset Management Buys Shares of 1,181 SPDR Gold Shares $GLD

Directional Asset Management bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,181 shares of the exchange traded fund’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Securities Inc. lifted its stake in SPDR Gold Shares by 70.8% during the 4th quarter. Rakuten Securities Inc. now owns 5,022 shares of the exchange traded fund’s stock valued at $1,990,000 after acquiring an additional 2,082 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in SPDR Gold Shares by 0.4% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 77,936 shares of the exchange traded fund’s stock valued at $30,887,000 after acquiring an additional 306 shares during the period. Lebenthal Global Advisors LLC bought a new position in SPDR Gold Shares during the 4th quarter valued at about $338,000. Nadler Financial Group Inc. increased its position in shares of SPDR Gold Shares by 1.5% during the 4th quarter. Nadler Financial Group Inc. now owns 8,530 shares of the exchange traded fund’s stock valued at $3,381,000 after purchasing an additional 122 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its position in shares of SPDR Gold Shares by 19.5% during the 4th quarter. N.E.W. Advisory Services LLC now owns 3,627 shares of the exchange traded fund’s stock valued at $1,437,000 after purchasing an additional 593 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Down 1.0%

Shares of NYSEARCA:GLD opened at $431.04 on Friday. The firm’s 50 day moving average price is $447.48 and its 200-day moving average price is $417.90. SPDR Gold Shares has a twelve month low of $291.78 and a twelve month high of $509.70. The stock has a market capitalization of $159.87 billion, a PE ratio of -32.43 and a beta of 0.20.

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.

Featured Articles

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.