Essex Savings Bank Acquires 398 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Essex Savings Bank grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 25.3% during the 1st quarter, HoldingsChannel reports. The firm owned 1,969 shares of the exchange traded fund’s stock after purchasing an additional 398 shares during the quarter. Essex Savings Bank’s holdings in SPDR Gold Shares were worth $567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares during the 4th quarter worth $26,000. Compass Planning Associates Inc bought a new stake in SPDR Gold Shares during the 4th quarter worth $39,000. Pittenger & Anderson Inc. grew its position in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 41 shares during the last quarter. American National Bank & Trust grew its position in SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 125 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth $56,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.1%

Shares of GLD opened at $311.94 on Wednesday. The stock’s 50-day moving average price is $304.84 and its two-hundred day moving average price is $275.83. SPDR Gold Shares has a 12 month low of $212.12 and a 12 month high of $317.63. The company has a market capitalization of $102.00 billion, a PE ratio of -32.43 and a beta of 0.11.

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).