Lion Street Advisors LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Lion Street Advisors LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 102.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,237 shares of the exchange traded fund’s stock after purchasing an additional 2,139 shares during the period. Lion Street Advisors LLC’s holdings in SPDR Gold Shares were worth $1,221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SPDR Gold Shares by 6.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock valued at $164,000 after buying an additional 35 shares in the last quarter. Stewardship Advisors LLC grew its holdings in shares of SPDR Gold Shares by 2.6% in the first quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 36 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in SPDR Gold Shares by 1.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 3,662 shares of the exchange traded fund’s stock worth $1,055,000 after purchasing an additional 37 shares during the last quarter. KMG Fiduciary Partners LLC increased its position in SPDR Gold Shares by 1.1% in the first quarter. KMG Fiduciary Partners LLC now owns 3,563 shares of the exchange traded fund’s stock worth $1,027,000 after purchasing an additional 38 shares during the last quarter. Finally, Marcum Wealth LLC raised its stake in SPDR Gold Shares by 4.3% during the first quarter. Marcum Wealth LLC now owns 954 shares of the exchange traded fund’s stock valued at $275,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1%

GLD stock opened at $311.94 on Wednesday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The firm has a market capitalization of $102.00 billion, a P/E ratio of -32.43 and a beta of 0.11. The company has a fifty day simple moving average of $304.84 and a two-hundred day simple moving average of $275.83.

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).