Inscription Capital LLC Takes $2.43 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Inscription Capital LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,420 shares of the exchange traded fund’s stock, valued at approximately $2,426,000.

Other hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $547,000. Ironwood Wealth Management LLC. increased its position in SPDR Gold Shares by 8.5% during the 4th quarter. Ironwood Wealth Management LLC. now owns 1,191 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 93 shares during the period. Brighton Jones LLC increased its position in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the period. Union Bancaire Privee UBP SA bought a new position in SPDR Gold Shares in the 4th quarter worth $7,794,000. Finally, Ellis Investment Partners LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $203,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.4%

Shares of GLD opened at $311.78 on Tuesday. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63. The firm’s 50-day moving average price is $304.30 and its 200-day moving average price is $275.57. The firm has a market capitalization of $101.95 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

About SPDR Gold Shares

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).