Portland Global Advisors LLC Invests $263,000 in SPDR Gold Shares (NYSEARCA:GLD)

Portland Global Advisors LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, Holdings Channel.com reports. The firm bought 912 shares of the exchange traded fund’s stock, valued at approximately $263,000.

A number of other large investors have also added to or reduced their stakes in the business. Ameraudi Asset Management Inc. raised its holdings in SPDR Gold Shares by 3.6% in the 1st quarter. Ameraudi Asset Management Inc. now owns 4,229 shares of the exchange traded fund’s stock valued at $1,219,000 after buying an additional 145 shares during the last quarter. Brio Consultants LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at approximately $2,230,000. Bellwether Advisors LLC raised its holdings in SPDR Gold Shares by 2,009.5% in the 1st quarter. Bellwether Advisors LLC now owns 443 shares of the exchange traded fund’s stock valued at $128,000 after buying an additional 422 shares during the last quarter. Ridgewood Investments LLC raised its holdings in SPDR Gold Shares by 20.0% in the 1st quarter. Ridgewood Investments LLC now owns 1,169 shares of the exchange traded fund’s stock valued at $337,000 after buying an additional 195 shares during the last quarter. Finally, Alteri Wealth LLC raised its holdings in SPDR Gold Shares by 0.8% in the 1st quarter. Alteri Wealth LLC now owns 4,810 shares of the exchange traded fund’s stock valued at $1,386,000 after buying an additional 39 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $307.40 on Monday. The company has a 50 day simple moving average of $307.94 and a 200 day simple moving average of $288.69. The firm has a market cap of $102.00 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $219.04 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).