Southeast Asset Advisors LLC Boosts Stock Holdings in SPDR Gold Shares $GLD

Southeast Asset Advisors LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,246 shares of the exchange traded fund’s stock after purchasing an additional 153 shares during the quarter. SPDR Gold Shares makes up about 1.2% of Southeast Asset Advisors LLC’s portfolio, making the stock its 15th biggest holding. Southeast Asset Advisors LLC’s holdings in SPDR Gold Shares were worth $10,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Leigh Baldwin & CO. LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth $401,829,000. DAVENPORT & Co LLC boosted its stake in SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock worth $13,109,000 after purchasing an additional 896,836 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in SPDR Gold Shares by 604.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 548,947 shares of the exchange traded fund’s stock worth $158,174,000 after purchasing an additional 471,032 shares during the last quarter. 59 North Capital Management LP boosted its stake in SPDR Gold Shares by 116.1% during the 4th quarter. 59 North Capital Management LP now owns 716,178 shares of the exchange traded fund’s stock worth $173,408,000 after purchasing an additional 384,840 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in SPDR Gold Shares by 11.0% during the 1st quarter. Raymond James Financial Inc. now owns 2,063,634 shares of the exchange traded fund’s stock worth $594,616,000 after purchasing an additional 204,676 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1%

Shares of GLD opened at $310.58 on Friday. SPDR Gold Shares has a 52-week low of $228.52 and a 52-week high of $317.63. The firm’s fifty day moving average is $308.31 and its two-hundred day moving average is $295.99. The stock has a market cap of $103.55 billion, a PE ratio of -32.43 and a beta of 0.15.

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).