Rakuten Securities Inc. Has $4.94 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Rakuten Securities Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1,959.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,152 shares of the exchange traded fund’s stock after acquiring an additional 16,319 shares during the period. SPDR Gold Shares makes up approximately 2.5% of Rakuten Securities Inc.’s portfolio, making the stock its 6th biggest position. Rakuten Securities Inc.’s holdings in SPDR Gold Shares were worth $4,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GLD. Murphy & Mullick Capital Management Corp bought a new position in shares of SPDR Gold Shares in the 4th quarter worth about $26,000. Compass Planning Associates Inc bought a new position in shares of SPDR Gold Shares in the 4th quarter worth about $39,000. Pittenger & Anderson Inc. raised its position in shares of SPDR Gold Shares by 25.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 41 shares in the last quarter. American National Bank & Trust raised its position in shares of SPDR Gold Shares by 189.4% in the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 125 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter worth about $56,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 1.4%

GLD stock 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 has a market cap of $101.95 billion, a PE ratio of -32.43 and a beta of 0.11. The stock has a 50-day moving average price of $304.30 and a 200-day moving average price of $275.57.

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).