Schaper Benz & Wise Investment Counsel Inc. WI Reduces Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Schaper Benz & Wise Investment Counsel Inc. WI trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,957 shares of the exchange traded fund’s stock after selling 200 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in SPDR Gold Shares were worth $1,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $26,000. Compass Planning Associates Inc purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $39,000. Pittenger & Anderson Inc. lifted 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 purchasing an additional 41 shares during the period. American National Bank & Trust lifted its position in SPDR Gold Shares by 189.4% during the 1st quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 125 shares during the period. Finally, Mattson Financial Services LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $56,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA 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 stock has a market cap of $101.95 billion, a P/E ratio of -32.43 and a beta of 0.11. The firm has a 50-day moving average of $304.30 and a 200 day moving average of $275.57.

SPDR Gold Shares Company 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).