SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by ORG Partners LLC

ORG Partners LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2,310.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,822 shares of the exchange traded fund’s stock after acquiring an additional 6,539 shares during the period. ORG Partners LLC’s holdings in SPDR Gold Shares were worth $1,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth $26,000. Compass Planning Associates Inc purchased a new stake in SPDR Gold Shares during the 4th quarter worth $39,000. American National Bank & Trust lifted its holdings in 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 buying an additional 125 shares in the last quarter. Mattson Financial Services LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at about $56,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $310.26 on Friday. SPDR Gold Shares has a 1 year low of $212.12 and a 1 year high of $317.63. The stock’s 50-day simple moving average is $305.69 and its 200-day simple moving average is $276.52. The firm has a market cap of $101.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.11.

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).