Kraft Davis & Associates LLC Invests $8.81 Million in SPDR Gold Shares (NYSEARCA:GLD)

Kraft Davis & Associates LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,333 shares of the exchange traded fund’s stock, valued at approximately $8,813,000. SPDR Gold Shares accounts for 2.8% of Kraft Davis & Associates LLC’s holdings, making the stock its 12th biggest holding.

Other large investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. HWG Holdings LP acquired a new position in SPDR Gold Shares during the first quarter worth approximately $53,000. Inlight Wealth Management LLC bought a new stake in SPDR Gold Shares in the first quarter valued at approximately $55,000. American National Bank & Trust raised its stake in SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 125 shares during the period. Finally, Mattson Financial Services LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $56,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.3%

GLD opened at $307.12 on Thursday. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63. The stock’s fifty day simple moving average is $306.39 and its 200 day simple moving average is $278.32. The stock has a market cap of $100.43 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).