Deutsche Bank AG Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Deutsche Bank AG lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,339 shares of the exchange traded fund’s stock after acquiring an additional 2,075 shares during the quarter. Deutsche Bank AG’s holdings in SPDR Gold Shares were worth $2,988,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Diligent Investors LLC grew its stake in SPDR Gold Shares by 67.3% in the fourth quarter. Diligent Investors LLC now owns 3,730 shares of the exchange traded fund’s stock worth $903,000 after purchasing an additional 1,500 shares in the last quarter. EP Wealth Advisors LLC grew its stake in SPDR Gold Shares by 1.5% in the fourth quarter. EP Wealth Advisors LLC now owns 41,098 shares of the exchange traded fund’s stock worth $9,951,000 after purchasing an additional 607 shares in the last quarter. Colonial Trust Co SC grew its stake in SPDR Gold Shares by 11.2% in the fourth quarter. Colonial Trust Co SC now owns 4,566 shares of the exchange traded fund’s stock worth $1,106,000 after purchasing an additional 460 shares in the last quarter. Capital Advantage Inc. acquired a new position in SPDR Gold Shares in the fourth quarter worth about $506,000. Finally, Cetera Investment Advisers grew its stake in SPDR Gold Shares by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 714,291 shares of the exchange traded fund’s stock worth $172,951,000 after purchasing an additional 31,140 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $305.82 on Thursday. The company has a market capitalization of $91.93 billion, a price-to-earnings ratio of -32.43 and a beta of 0.12. SPDR Gold Shares has a one year low of $211.54 and a one year high of $317.63. The stock has a 50-day simple moving average of $294.37 and a 200 day simple moving average of $267.21.

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).