MSH Capital Advisors LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

MSH Capital Advisors LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,180 shares of the exchange traded fund’s stock after purchasing an additional 251 shares during the period. MSH Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $916,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. boosted its holdings in SPDR Gold Shares by 0.3% in the 1st quarter. Principal Securities Inc. now owns 10,301 shares of the exchange traded fund’s stock worth $2,968,000 after buying an additional 33 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SPDR Gold Shares by 6.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 568 shares of the exchange traded fund’s stock worth $164,000 after buying an additional 35 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in SPDR Gold Shares by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 11,762 shares of the exchange traded fund’s stock worth $3,389,000 after buying an additional 35 shares during the last quarter. FourThought Financial Partners LLC boosted its holdings in SPDR Gold Shares by 3.5% in the 1st quarter. FourThought Financial Partners LLC now owns 1,036 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 35 shares during the last quarter. Finally, Stewardship Advisors LLC boosted its holdings in SPDR Gold Shares by 2.6% in the 1st quarter. Stewardship Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock worth $415,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1%

GLD stock opened at $308.27 on Wednesday. SPDR Gold Shares has a 12-month low of $225.12 and a 12-month high of $317.63. The stock has a market cap of $102.78 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The business’s 50-day moving average is $308.58 and its 200 day moving average is $293.24.

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).