SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Sandy Spring Bank

Sandy Spring Bank lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,113 shares of the exchange traded fund’s stock after purchasing an additional 99 shares during the period. Sandy Spring Bank’s holdings in SPDR Gold Shares were worth $269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. L.K. Benson & Company P.C. acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $408,000. GM Advisory Group LLC lifted its holdings in SPDR Gold Shares by 7.9% in the fourth quarter. GM Advisory Group LLC now owns 4,847 shares of the exchange traded fund’s stock valued at $1,174,000 after acquiring an additional 353 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in SPDR Gold Shares by 0.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 24,388 shares of the exchange traded fund’s stock valued at $5,905,000 after acquiring an additional 182 shares during the last quarter. FreeGulliver LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $1,991,000. Finally, VSM Wealth Advisory LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $419,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD opened at $278.49 on Friday. SPDR Gold Shares has a one year low of $199.72 and a one year high of $281.48. The stock has a market capitalization of $83.71 billion, a PE ratio of -29.30 and a beta of 0.20. The business’s 50 day moving average price is $264.47 and its 200 day moving average price is $251.06.

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).