Violich Capital Management Inc. Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Violich Capital Management Inc. grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.9% during the 4th quarter, Holdings Channel reports. The fund owned 47,122 shares of the exchange traded fund’s stock after buying an additional 1,750 shares during the quarter. SPDR Gold Shares comprises about 1.5% of Violich Capital Management Inc.’s holdings, making the stock its 17th biggest position. Violich Capital Management Inc.’s holdings in SPDR Gold Shares were worth $11,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Trail Advisors LLC boosted its stake in shares of SPDR Gold Shares by 0.3% in the fourth quarter. Summit Trail Advisors LLC now owns 21,066 shares of the exchange traded fund’s stock valued at $5,101,000 after buying an additional 73 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in SPDR Gold Shares by 4.4% in the fourth quarter. Focus Financial Network Inc. now owns 27,632 shares of the exchange traded fund’s stock valued at $6,691,000 after acquiring an additional 1,154 shares during the period. Sapient Capital LLC boosted its position in shares of SPDR Gold Shares by 1.7% during the 4th quarter. Sapient Capital LLC now owns 117,089 shares of the exchange traded fund’s stock worth $28,351,000 after purchasing an additional 1,938 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in shares of SPDR Gold Shares by 50.0% during the 4th quarter. Soltis Investment Advisors LLC now owns 4,972 shares of the exchange traded fund’s stock worth $1,204,000 after purchasing an additional 1,658 shares during the period. Finally, swisspartners Advisors Ltd increased its holdings in shares of SPDR Gold Shares by 12.7% in the 4th quarter. swisspartners Advisors Ltd now owns 35,580 shares of the exchange traded fund’s stock valued at $8,615,000 after purchasing an additional 4,000 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.7 %

Shares of NYSEARCA GLD opened at $268.37 on Tuesday. The firm has a 50-day moving average price of $248.30 and a 200 day moving average price of $242.21. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $268.66.

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).