SPDR Gold Shares (NYSEARCA:GLD) is Harvest Investment Services LLC’s 7th Largest Position

Harvest Investment Services LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 30,426 shares of the exchange traded fund’s stock after acquiring an additional 2,322 shares during the quarter. SPDR Gold Shares accounts for 1.8% of Harvest Investment Services LLC’s holdings, making the stock its 7th biggest holding. Harvest Investment Services LLC’s holdings in SPDR Gold Shares were worth $7,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $1,929,000. SOA Wealth Advisors LLC. increased its position in SPDR Gold Shares by 54.0% during the third quarter. SOA Wealth Advisors LLC. now owns 194 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 68 shares during the last quarter. World Investment Advisors LLC boosted its position in SPDR Gold Shares by 17.3% in the third quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock worth $3,762,000 after purchasing an additional 2,288 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of SPDR Gold Shares by 451.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 55,860 shares of the exchange traded fund’s stock valued at $13,577,000 after purchasing an additional 45,724 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of SPDR Gold Shares by 12.7% during the 3rd quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock valued at $3,609,000 after purchasing an additional 1,676 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 3.1 %

GLD opened at $315.59 on Tuesday. The company’s 50 day moving average is $279.27 and its 200 day moving average is $259.14. The company has a market cap of $94.87 billion, a price-to-earnings ratio of -32.58 and a beta of 0.17. SPDR Gold Shares has a 12-month low of $210.71 and a 12-month high of $320.15.

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).