SPDR Gold Shares (NYSEARCA:GLD) Stake Increased by Tectonic Advisors LLC

Tectonic Advisors LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,062 shares of the exchange traded fund’s stock after buying an additional 50 shares during the period. Tectonic Advisors LLC’s holdings in SPDR Gold Shares were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLD. Larson Financial Group LLC raised its holdings in SPDR Gold Shares by 6.3% during the 1st quarter. Larson Financial Group LLC now owns 36,149 shares of the exchange traded fund’s stock worth $10,416,000 after buying an additional 2,155 shares during the period. Violich Capital Management Inc. raised its stake in SPDR Gold Shares by 1.7% during the first quarter. Violich Capital Management Inc. now owns 47,932 shares of the exchange traded fund’s stock worth $13,811,000 after acquiring an additional 810 shares in the last quarter. Wealthfront Advisers LLC raised its stake in SPDR Gold Shares by 34.3% during the first quarter. Wealthfront Advisers LLC now owns 108,926 shares of the exchange traded fund’s stock worth $31,386,000 after acquiring an additional 27,823 shares in the last quarter. First Business Financial Services Inc. raised its stake in SPDR Gold Shares by 7.3% during the first quarter. First Business Financial Services Inc. now owns 5,900 shares of the exchange traded fund’s stock worth $1,700,000 after acquiring an additional 400 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its stake in shares of SPDR Gold Shares by 34.7% in the first quarter. Mosaic Family Wealth Partners LLC now owns 2,195 shares of the exchange traded fund’s stock valued at $633,000 after buying an additional 565 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4%

SPDR Gold Shares stock opened at $306.73 on Wednesday. The business’s 50-day simple moving average is $306.37 and its 200 day simple moving average is $284.67. The stock has a market cap of $101.53 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $217.52 and a 12-month 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).