World Investment Advisors Acquires 6,151 Shares of SPDR Gold Shares $GLD

World Investment Advisors grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,778 shares of the exchange traded fund’s stock after buying an additional 6,151 shares during the period. World Investment Advisors’ holdings in SPDR Gold Shares were worth $12,990,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Calder Financial LLC bought a new position in SPDR Gold Shares in the 4th quarter worth about $807,000. Empirical Asset Management LLC lifted its stake in SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors lifted its stake in SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after acquiring an additional 1,385 shares during the period. Spirepoint Private Client LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at about $742,000. Finally, FAS Wealth Partners Inc. lifted its stake in SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after acquiring an additional 8,691 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $445.93 on Friday. The stock has a market capitalization of $163.79 billion, a P/E ratio of -32.43 and a beta of 0.20. The company’s 50-day simple moving average is $449.69 and its two-hundred day simple moving average is $415.72. SPDR Gold Shares has a 52-week low of $291.78 and a 52-week high of $509.70.

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About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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