Account Management LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Account Management LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,610 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the quarter. SPDR Gold Shares accounts for approximately 1.6% of Account Management LLC’s investment portfolio, making the stock its 14th biggest position. Account Management LLC’s holdings in SPDR Gold Shares were worth $1,358,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GLD. Excalibur Management Corp grew its position in shares of SPDR Gold Shares by 2.6% during the 4th quarter. Excalibur Management Corp now owns 6,646 shares of the exchange traded fund’s stock valued at $1,609,000 after acquiring an additional 171 shares during the period. Ausdal Financial Partners Inc. increased its holdings in SPDR Gold Shares by 8.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 19,225 shares of the exchange traded fund’s stock valued at $4,655,000 after acquiring an additional 1,579 shares during the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of SPDR Gold Shares by 34.4% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,360 shares of the exchange traded fund’s stock valued at $571,000 after purchasing an additional 604 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $26,000. Finally, IvyRock Asset Management HK Ltd increased its stake in SPDR Gold Shares by 50.0% during the fourth quarter. IvyRock Asset Management HK Ltd now owns 2,400 shares of the exchange traded fund’s stock worth $581,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

Shares of GLD opened at $278.47 on Wednesday. The company has a market cap of $83.71 billion, a P/E ratio of -29.30 and a beta of 0.20. The company’s fifty day simple moving average is $265.73 and its 200-day simple moving average is $252.00. SPDR Gold Shares has a twelve month low of $201.07 and a twelve month high of $281.48.

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).