SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,850 shares of the exchange traded fund’s stock after purchasing an additional 88 shares during the period. Verdence Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,686,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Leigh Baldwin & CO. LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $401,829,000. Ameriprise Financial Inc. boosted its stake in SPDR Gold Shares by 10.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after acquiring an additional 136,120 shares during the period. Envestnet Asset Management Inc. boosted its stake in SPDR Gold Shares by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 1,217,861 shares of the exchange traded fund’s stock valued at $350,914,000 after acquiring an additional 106,648 shares during the period. Stifel Financial Corp boosted its stake in SPDR Gold Shares by 0.9% in the fourth quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock valued at $200,957,000 after acquiring an additional 7,424 shares during the period. Finally, 59 North Capital Management LP raised its holdings in shares of 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 last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.2%

GLD opened at $307.59 on Friday. The business’s 50 day moving average is $306.38 and its 200-day moving average is $285.29. The stock has a market cap of $101.72 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $217.52 and a twelve month high of $317.63.

SPDR Gold Shares Company 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).