Fisher Asset Management LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Fisher Asset Management LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 132.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,713 shares of the exchange traded fund’s stock after purchasing an additional 2,684 shares during the quarter. Fisher Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clarus Group Inc. raised its position in SPDR Gold Shares by 2.2% in the fourth quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares during the period. Kellett Wealth Advisors LLC raised its position in SPDR Gold Shares by 3.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after purchasing an additional 40 shares during the period. Magnus Financial Group LLC raised its position in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares during the period. Pittenger & Anderson Inc. raised its position in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares during the period. Finally, Gradient Capital Advisors LLC raised its position in SPDR Gold Shares by 0.7% in the fourth quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

NYSEARCA:GLD opened at $269.62 on Thursday. The company has a fifty day simple moving average of $257.20 and a two-hundred day simple moving average of $247.65. The company has a market cap of $81.05 billion, a price-to-earnings ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $197.44 and a 52 week high of $272.32.

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).