True Vision MN LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

True Vision MN LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 731 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Several other large investors have also bought and sold shares of GLD. Leigh Baldwin & CO. LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $401,829,000. DAVENPORT & Co LLC grew its position in SPDR Gold Shares by 105.3% during the first quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock valued at $13,109,000 after buying an additional 896,836 shares during the period. Mizuho Bank Ltd. bought a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $145,278,000. 59 North Capital Management LP grew its position in SPDR Gold Shares by 116.1% during the fourth quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock valued at $173,408,000 after buying an additional 384,840 shares during the period. Finally, Starr Indemnity & Liability Co bought a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $79,222,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.4%

Shares of NYSEARCA GLD opened at $305.52 on Thursday. The firm has a 50 day moving average of $306.13 and a 200 day moving average of $282.56. The firm has a market capitalization of $101.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $217.52 and a 12-month high of $317.63.

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).