Pinnacle Bancorp Inc. Buys 44 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Pinnacle Bancorp Inc. grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,676 shares of the exchange traded fund’s stock after buying an additional 44 shares during the period. Pinnacle Bancorp Inc.’s holdings in SPDR Gold Shares were worth $1,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ironwood Wealth Management LLC. increased its holdings in shares of SPDR Gold Shares by 8.5% during the fourth quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock valued at $288,000 after acquiring an additional 93 shares in the last quarter. Brighton Jones LLC grew its position in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Crestwood Advisors Group LLC grew its position in SPDR Gold Shares by 27.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 6,383 shares of the exchange traded fund’s stock worth $1,546,000 after purchasing an additional 1,386 shares during the last quarter. BankPlus Trust Department acquired a new position in SPDR Gold Shares during the 4th quarter valued at approximately $138,000. Finally, CWS Financial Advisors LLC raised its holdings in shares of SPDR Gold Shares by 4.3% in the fourth quarter. CWS Financial Advisors LLC now owns 2,420 shares of the exchange traded fund’s stock worth $586,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.6%

SPDR Gold Shares stock opened at $306.19 on Wednesday. SPDR Gold Shares has a 52 week low of $212.12 and a 52 week high of $317.63. The stock has a 50-day moving average price of $306.40 and a 200 day moving average price of $278.12. The company has a market capitalization of $100.12 billion, a price-to-earnings 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).