Schaper Benz & Wise Investment Counsel Inc. WI Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,157 shares of the exchange traded fund’s stock after acquiring an additional 477 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in SPDR Gold Shares were worth $1,249,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Consolidated Planning Corp purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $240,000. Summit Global Investments lifted its stake in SPDR Gold Shares by 31.6% in the 3rd quarter. Summit Global Investments now owns 4,764 shares of the exchange traded fund’s stock valued at $1,158,000 after buying an additional 1,144 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Beckerman Institutional LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $308,000. Finally, Source Financial Advisors LLC lifted its stake in SPDR Gold Shares by 1.0% in the 3rd quarter. Source Financial Advisors LLC now owns 13,278 shares of the exchange traded fund’s stock valued at $3,227,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $268.39 on Friday. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $272.32. The stock’s 50 day moving average price is $258.24 and its 200 day moving average price is $248.16. The firm has a market cap of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).