Hamel Associates Inc. Acquires 85 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Hamel Associates Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,190 shares of the exchange traded fund’s stock after purchasing an additional 85 shares during the quarter. Hamel Associates Inc.’s holdings in SPDR Gold Shares were worth $3,194,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GLD. Proficio Capital Partners LLC lifted its holdings in shares of SPDR Gold Shares by 24,245.2% during the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after purchasing an additional 60,504,152 shares during the period. Stifel Financial Corp lifted its holdings in shares of SPDR Gold Shares by 13.9% during the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the period. State Street Corp lifted its holdings in shares of SPDR Gold Shares by 6.6% during the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after purchasing an additional 47,507 shares during the period. US Bancorp DE lifted its holdings in shares of SPDR Gold Shares by 0.5% during the fourth quarter. US Bancorp DE now owns 695,118 shares of the exchange traded fund’s stock worth $168,309,000 after purchasing an additional 3,470 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of SPDR Gold Shares by 4.9% during the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after purchasing an additional 30,952 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $263.27 on Friday. The firm has a market cap of $79.14 billion, a PE ratio of -28.59 and a beta of 0.20. The firm’s fifty day moving average is $255.57 and its 200-day moving average is $246.68. SPDR Gold Shares has a 52 week low of $189.23 and a 52 week 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).