SPDR Gold Shares $GLD Shares Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,082 shares of the exchange traded fund’s stock after purchasing an additional 12,402 shares during the quarter. SPDR Gold Shares accounts for 1.8% of Chesley Taft & Associates LLC’s holdings, making the stock its 11th largest holding. Chesley Taft & Associates LLC’s holdings in SPDR Gold Shares were worth $46,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $26,000. Hopwood Financial Services Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Vestwell Advisors LLC purchased a new position in SPDR Gold Shares in the third quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $31,000. Finally, USA Financial Formulas purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 3.5%

SPDR Gold Shares stock opened at $414.70 on Friday. The company has a fifty day simple moving average of $455.75 and a 200-day simple moving average of $406.44. The stock has a market cap of $157.63 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $272.58 and a 12-month high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

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.

Further Reading

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

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