Briaud Financial Planning Inc Acquires 2,546 Shares of SPDR Gold Shares $GLD

Briaud Financial Planning Inc boosted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,304 shares of the exchange traded fund’s stock after purchasing an additional 2,546 shares during the period. SPDR Gold Shares comprises 19.4% of Briaud Financial Planning Inc’s portfolio, making the stock its 2nd largest position. Briaud Financial Planning Inc owned 0.05% of SPDR Gold Shares worth $78,580,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $25,000. Chicago Partners Investment Group LLC raised its holdings in SPDR Gold Shares by 58.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 11,191 shares of the exchange traded fund’s stock valued at $4,435,000 after acquiring an additional 4,148 shares in the last quarter. Quent Long Short Global Small Cap Fund LP bought a new position in SPDR Gold Shares during the 4th quarter valued at $6,706,000. Cornerstone Advisory LLC boosted its stake in SPDR Gold Shares by 106.5% during the 4th quarter. Cornerstone Advisory LLC now owns 10,017 shares of the exchange traded fund’s stock valued at $3,970,000 after acquiring an additional 5,165 shares during the last quarter. Finally, May Barnhard Investments LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth $216,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

SPDR Gold Shares Stock Performance

GLD opened at $431.04 on Friday. The company has a 50-day moving average of $447.48 and a 200-day moving average of $417.90. The company has a market capitalization of $159.87 billion, a P/E ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a 1-year low of $291.78 and a 1-year high of $509.70.

SPDR Gold Shares Company Profile

(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.

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

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