Prime Capital Investment Advisors LLC Purchases 2,163 Shares of SPDR Gold Shares $GLD

Prime Capital Investment Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,148 shares of the exchange traded fund’s stock after buying an additional 2,163 shares during the period. Prime Capital Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $10,759,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC raised its stake in SPDR Gold Shares by 12.7% during the fourth quarter. Stone House Investment Management LLC now owns 665 shares of the exchange traded fund’s stock worth $264,000 after buying an additional 75 shares during the last quarter. BIP Wealth LLC raised its stake in SPDR Gold Shares by 6.8% during the fourth quarter. BIP Wealth LLC now owns 1,868 shares of the exchange traded fund’s stock worth $740,000 after buying an additional 119 shares during the last quarter. Ervin Investment Management LLC bought a new position in SPDR Gold Shares during the fourth quarter worth $7,178,000. ProCore Advisors LLC bought a new position in SPDR Gold Shares during the fourth quarter worth $912,000. Finally, Indiana Trust & Investment Management Co raised its stake in SPDR Gold Shares by 95.6% during the fourth quarter. Indiana Trust & Investment Management Co now owns 2,609 shares of the exchange traded fund’s stock worth $1,034,000 after buying an additional 1,275 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6%

GLD opened at $434.53 on Thursday. SPDR Gold Shares has a 1-year low of $281.04 and a 1-year high of $509.70. The company has a market cap of $159.78 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a fifty day moving average price of $451.52 and a two-hundred day moving average price of $411.61.

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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.

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

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