Diligent Investors LLC Has $903,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Diligent Investors LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 67.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,730 shares of the exchange traded fund’s stock after purchasing an additional 1,500 shares during the quarter. Diligent Investors LLC’s holdings in SPDR Gold Shares were worth $903,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Franklin Resources Inc. boosted its position in 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 last quarter. Diversified Trust Co raised its stake in shares of SPDR Gold Shares by 4.0% during the 4th quarter. Diversified Trust Co now owns 4,009 shares of the exchange traded fund’s stock worth $971,000 after purchasing an additional 155 shares in the last quarter. Bath Savings Trust Co lifted its holdings in shares of SPDR Gold Shares by 1.0% during the 4th quarter. Bath Savings Trust Co now owns 11,803 shares of the exchange traded fund’s stock valued at $2,858,000 after buying an additional 120 shares during the last quarter. Birch Capital Management LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $130,000. Finally, Range Financial Group LLC increased its holdings in SPDR Gold Shares by 7.0% in the fourth quarter. Range Financial Group LLC now owns 2,233 shares of the exchange traded fund’s stock worth $541,000 after buying an additional 146 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $315.48 on Wednesday. The firm has a market cap of $94.83 billion, a PE ratio of -32.58 and a beta of 0.17. The firm’s 50 day moving average price is $287.34 and its 200 day moving average price is $263.67. SPDR Gold Shares has a twelve month low of $211.54 and a twelve 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).