SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.2% during the 1st quarter, Holdings Channel reports. The fund owned 3,676 shares of the exchange traded fund’s stock after purchasing an additional 44 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in SPDR Gold Shares were worth $1,059,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GLD. Murphy & Mullick Capital Management Corp purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $26,000. HWG Holdings LP purchased a new stake in SPDR Gold Shares during the first quarter worth approximately $53,000. Inlight Wealth Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at approximately $55,000. American National Bank & Trust increased its stake in SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 125 shares during the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $56,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $306.19 on Wednesday. The firm has a fifty day moving average price of $306.40 and a 200 day moving average price of $278.12. The stock has a market cap of $100.12 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1-year low of $212.12 and a 1-year high of $317.63.

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).