SPDR Gold Shares $GLD Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,643 shares of the exchange traded fund’s stock after acquiring an additional 10,229 shares during the quarter. D.A. Davidson & CO.’s holdings in SPDR Gold Shares were worth $36,319,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Hopwood Financial Services Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $27,000. Vestwell Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $27,000. USA Financial Formulas acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. Finally, Networth Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $34,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $433.25 on Monday. The company has a market capitalization of $160.69 billion, a P/E ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a twelve month low of $291.78 and a twelve month high of $509.70. The business has a 50 day simple moving average of $446.89 and a 200-day simple moving average of $419.07.

SPDR Gold Shares News Roundup

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

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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