Oppenheimer & Co. Inc. Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Oppenheimer & Co. Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,422 shares of the exchange traded fund’s stock after buying an additional 5,744 shares during the period. Oppenheimer & Co. Inc.’s holdings in SPDR Gold Shares were worth $22,136,000 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. Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of SPDR Gold Shares by 7.5% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 1,612 shares of the exchange traded fund’s stock worth $392,000 after buying an additional 112 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of SPDR Gold Shares in the third quarter worth $52,000. Valmark Advisers Inc. increased its stake in shares of SPDR Gold Shares by 5.1% in the third quarter. Valmark Advisers Inc. now owns 6,799 shares of the exchange traded fund’s stock worth $1,653,000 after buying an additional 332 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its holdings in SPDR Gold Shares by 42.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 4,174 shares of the exchange traded fund’s stock worth $1,015,000 after purchasing an additional 1,241 shares during the period. Finally, Highview Capital Management LLC DE boosted its holdings in SPDR Gold Shares by 5.3% in the third quarter. Highview Capital Management LLC DE now owns 40,639 shares of the exchange traded fund’s stock worth $9,878,000 after purchasing an additional 2,055 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $269.03 on Thursday. The company has a market cap of $80.87 billion, a PE ratio of -28.59 and a beta of 0.20. The company has a fifty day moving average price of $254.64 and a two-hundred day moving average price of $246.31. SPDR Gold Shares has a 12 month low of $187.88 and a 12 month high of $272.32.

About SPDR Gold Shares

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).