Global View Capital Management LLC Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Global View Capital Management LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,081 shares of the exchange traded fund’s stock, valued at approximately $756,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the 3rd quarter worth $35,000. Leavell Investment Management Inc. lifted its holdings in SPDR Gold Shares by 9.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 2,856 shares of the exchange traded fund’s stock worth $694,000 after buying an additional 237 shares in the last quarter. Assetmark Inc. lifted its holdings in SPDR Gold Shares by 36.2% in the 3rd quarter. Assetmark Inc. now owns 71,863 shares of the exchange traded fund’s stock worth $17,467,000 after buying an additional 19,107 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the 3rd quarter worth $28,000. Finally, Patten & Patten Inc. TN lifted its holdings in SPDR Gold Shares by 2.1% in the 3rd quarter. Patten & Patten Inc. TN now owns 4,328 shares of the exchange traded fund’s stock worth $1,052,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $266.04 on Tuesday. The firm has a market cap of $79.97 billion, a PE ratio of -28.59 and a beta of 0.20. The firm’s 50-day simple moving average is $258.75 and its 200-day simple moving average is $248.53. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $272.32.

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).