Cadent Capital Advisors LLC Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Cadent Capital Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 18.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,412 shares of the exchange traded fund’s stock after purchasing an additional 1,167 shares during the quarter. Cadent Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $2,136,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Murphy & Mullick Capital Management Corp purchased a new stake in SPDR Gold Shares during the 4th quarter worth about $26,000. Compass Planning Associates Inc acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $39,000. Pittenger & Anderson Inc. increased its stake in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares during the period. American National Bank & Trust increased its stake in shares of SPDR Gold Shares by 189.4% during the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 125 shares during the period. Finally, Mattson Financial Services LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1%

Shares of SPDR Gold Shares stock opened at $311.94 on Wednesday. SPDR Gold Shares has a 52-week low of $212.12 and a 52-week high of $317.63. The company has a market capitalization of $102.00 billion, a P/E ratio of -32.43 and a beta of 0.11. The company has a 50 day moving average of $304.84 and a 200 day moving average of $275.83.

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).