Tepp RIA LLC Purchases 15,972 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Tepp RIA LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 509.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,107 shares of the exchange traded fund’s stock after buying an additional 15,972 shares during the period. SPDR Gold Shares makes up 7.5% of Tepp RIA LLC’s holdings, making the stock its 5th biggest position. Tepp RIA LLC’s holdings in SPDR Gold Shares were worth $5,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the period. Sabal Trust CO boosted its stake in shares of SPDR Gold Shares by 9.0% in the fourth quarter. Sabal Trust CO now owns 1,210 shares of the exchange traded fund’s stock valued at $293,000 after buying an additional 100 shares during the period. Simmons Bank acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $234,000. Heritage Investors Management Corp increased its stake in SPDR Gold Shares by 27.2% during the 4th quarter. Heritage Investors Management Corp now owns 3,150 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 674 shares during the period. Finally, GenTrust LLC increased its stake in SPDR Gold Shares by 7.5% during the 4th quarter. GenTrust LLC now owns 51,079 shares of the exchange traded fund’s stock worth $12,368,000 after acquiring an additional 3,583 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $306.78 on Friday. The company has a market cap of $102.28 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $214.45 and a fifty-two week high of $317.63. The stock has a fifty day moving average price of $306.41 and a 200-day moving average price of $278.74.

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).