Washington Trust Advisors Inc. Purchases 884 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Washington Trust Advisors Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 213.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,299 shares of the exchange traded fund’s stock after purchasing an additional 884 shares during the quarter. Washington Trust Advisors Inc.’s holdings in SPDR Gold Shares were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Menlo Advisors LLC boosted its position in shares of SPDR Gold Shares by 13.5% during the fourth quarter. Menlo Advisors LLC now owns 61,206 shares of the exchange traded fund’s stock worth $14,819,000 after purchasing an additional 7,285 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $450,109,000. Promus Capital LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $1,186,000. Vision Financial Markets LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $97,000. Finally, Vantage Financial Partners LLC raised its holdings in shares of SPDR Gold Shares by 2.2% during the fourth quarter. Vantage Financial Partners LLC now owns 4,122 shares of the exchange traded fund’s stock worth $998,000 after acquiring an additional 89 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.2 %

Shares of NYSEARCA:GLD opened at $269.62 on Thursday. SPDR Gold Shares has a 12 month low of $197.44 and a 12 month high of $272.32. The company’s fifty day simple moving average is $257.20 and its 200 day simple moving average is $247.65. The firm has a market cap of $81.05 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20.

About SPDR Gold Shares

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).