Daytona Street Capital LLC Makes New Investment in SPDR Gold Shares $GLD

Daytona Street Capital LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,021 shares of the exchange traded fund’s stock, valued at approximately $1,594,000. SPDR Gold Shares comprises about 1.1% of Daytona Street Capital LLC’s investment portfolio, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. First United Bank & Trust boosted its position in SPDR Gold Shares by 96.7% in the fourth quarter. First United Bank & Trust now owns 4,353 shares of the exchange traded fund’s stock worth $1,725,000 after purchasing an additional 2,140 shares during the last quarter. New Wave Wealth Advisors LLC boosted its position in SPDR Gold Shares by 33.1% in the fourth quarter. New Wave Wealth Advisors LLC now owns 6,536 shares of the exchange traded fund’s stock worth $2,590,000 after purchasing an additional 1,625 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in SPDR Gold Shares by 4.8% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 34,134 shares of the exchange traded fund’s stock worth $13,528,000 after purchasing an additional 1,561 shares during the last quarter. Apella Capital LLC boosted its position in SPDR Gold Shares by 98.7% in the fourth quarter. Apella Capital LLC now owns 18,164 shares of the exchange traded fund’s stock worth $7,199,000 after purchasing an additional 9,021 shares during the last quarter. Finally, StrongBox Wealth LLC boosted its position in SPDR Gold Shares by 6.0% in the fourth quarter. StrongBox Wealth LLC now owns 1,589 shares of the exchange traded fund’s stock worth $630,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors 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 Trading Down 0.4%

GLD stock opened at $427.65 on Tuesday. The stock’s fifty day simple moving average is $453.61 and its two-hundred day simple moving average is $410.80. SPDR Gold Shares has a 1-year low of $272.58 and a 1-year high of $509.70. The stock has a market cap of $156.69 billion, a P/E ratio of -32.43 and a beta of 0.09.

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.

Further Reading

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

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