Oppenheimer & Close LLC Has $5.26 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Oppenheimer & Close LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 7.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 18,263 shares of the exchange traded fund’s stock after selling 1,540 shares during the quarter. SPDR Gold Shares makes up approximately 4.3% of Oppenheimer & Close LLC’s portfolio, making the stock its 7th biggest position. Oppenheimer & Close LLC’s holdings in SPDR Gold Shares were worth $5,262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Leigh Baldwin & CO. LLC bought a new stake in SPDR Gold Shares during the 4th quarter valued at $401,829,000. Ameriprise Financial Inc. grew its position in SPDR Gold Shares by 10.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock valued at $335,909,000 after purchasing an additional 136,120 shares during the last quarter. Wealthfront Advisers LLC grew its position in SPDR Gold Shares by 1,374.2% during the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after purchasing an additional 1,045,499 shares during the last quarter. Commonwealth Equity Services LLC grew its position in SPDR Gold Shares by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 980,065 shares of the exchange traded fund’s stock valued at $237,303,000 after purchasing an additional 32,712 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in SPDR Gold Shares by 0.9% during the 4th quarter. Stifel Financial Corp now owns 829,955 shares of the exchange traded fund’s stock valued at $200,957,000 after acquiring an additional 7,424 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $307.14 on Friday. The stock has a market capitalization of $101.60 billion, a P/E ratio of -32.43 and a beta of 0.15. The company’s 50-day simple moving average is $306.16 and its two-hundred day simple moving average is $281.50. SPDR Gold Shares has a 52-week low of $217.27 and a 52-week high of $317.63.

SPDR Gold Shares Company 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).