Arrowroot Family Office LLC Acquires 1,905 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Arrowroot Family Office LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 25.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,507 shares of the exchange traded fund’s stock after purchasing an additional 1,905 shares during the period. SPDR Gold Shares accounts for about 1.2% of Arrowroot Family Office LLC’s portfolio, making the stock its 25th biggest position. Arrowroot Family Office LLC’s holdings in SPDR Gold Shares were worth $2,302,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. World Investment Advisors LLC increased its stake in shares of SPDR Gold Shares by 17.3% in the 3rd quarter. World Investment Advisors LLC now owns 15,479 shares of the exchange traded fund’s stock valued at $3,762,000 after acquiring an additional 2,288 shares in the last quarter. Tidal Investments LLC grew its holdings in SPDR Gold Shares by 12.7% in the third quarter. Tidal Investments LLC now owns 14,850 shares of the exchange traded fund’s stock worth $3,609,000 after purchasing an additional 1,676 shares during the period. Franklin Resources Inc. raised its holdings in shares of SPDR Gold Shares by 5.6% during the third quarter. Franklin Resources Inc. now owns 104,751 shares of the exchange traded fund’s stock valued at $25,671,000 after purchasing an additional 5,579 shares during the period. First City Capital Management Inc. boosted its position in shares of SPDR Gold Shares by 14.4% during the 4th quarter. First City Capital Management Inc. now owns 3,570 shares of the exchange traded fund’s stock worth $864,000 after purchasing an additional 450 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of SPDR Gold Shares by 0.5% during the 4th quarter. CWA Asset Management Group LLC now owns 77,612 shares of the exchange traded fund’s stock worth $18,792,000 after purchasing an additional 388 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $297.98 on Friday. The business has a 50-day simple moving average of $285.57 and a 200 day simple moving average of $262.71. SPDR Gold Shares has a one year low of $210.71 and a one year high of $317.63. The firm has a market capitalization of $89.57 billion, a price-to-earnings ratio of -32.58 and a beta of 0.17.

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).