Blume Capital Management Inc. Buys 250 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Blume Capital Management Inc. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,880 shares of the exchange traded fund’s stock after purchasing an additional 250 shares during the quarter. Blume Capital Management Inc.’s holdings in SPDR Gold Shares were worth $455,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GLD. MGO Private Wealth LLC grew its stake in SPDR Gold Shares by 1.9% during the fourth quarter. MGO Private Wealth LLC now owns 2,878 shares of the exchange traded fund’s stock worth $697,000 after purchasing an additional 53 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of SPDR Gold Shares by 5.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 17,109 shares of the exchange traded fund’s stock worth $4,143,000 after buying an additional 825 shares during the period. Commonwealth Equity Services LLC grew its position in shares of SPDR Gold Shares by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock worth $237,303,000 after buying an additional 32,712 shares during the period. Madison Wealth Partners Inc increased its stake in shares of SPDR Gold Shares by 9.7% in the 4th quarter. Madison Wealth Partners Inc now owns 5,197 shares of the exchange traded fund’s stock valued at $1,258,000 after acquiring an additional 461 shares in the last quarter. Finally, Stelac Advisory Services LLC lifted its position in shares of SPDR Gold Shares by 16.0% during the 4th quarter. Stelac Advisory Services LLC now owns 1,401 shares of the exchange traded fund’s stock valued at $338,000 after acquiring an additional 193 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $275.13 on Friday. The stock has a 50-day moving average of $260.45 and a 200-day moving average of $249.12. SPDR Gold Shares has a one year low of $198.94 and a one year high of $276.61. The company has a market cap of $82.70 billion, a PE ratio of -28.59 and a beta of 0.20.

SPDR Gold Shares Company 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).