Menlo Advisors LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Menlo Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,206 shares of the exchange traded fund’s stock after acquiring an additional 7,285 shares during the quarter. SPDR Gold Shares makes up approximately 7.6% of Menlo Advisors LLC’s holdings, making the stock its 3rd biggest holding. Menlo Advisors LLC’s holdings in SPDR Gold Shares were worth $14,819,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $450,109,000. Promus Capital LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $1,186,000. Vision Financial Markets LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $97,000. Vantage Financial Partners LLC boosted its stake in shares of SPDR Gold Shares by 2.2% in the 4th quarter. Vantage Financial Partners LLC now owns 4,122 shares of the exchange traded fund’s stock valued at $998,000 after purchasing an additional 89 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of SPDR Gold Shares by 38.1% in the 4th quarter. Proficio Capital Partners LLC now owns 344,610 shares of the exchange traded fund’s stock valued at $83,440,000 after purchasing an additional 95,059 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

Shares of NYSEARCA GLD opened at $269.62 on Thursday. The firm has a market capitalization of $81.05 billion, a PE ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $197.44 and a 1 year high of $272.32. The firm’s 50-day moving average is $257.20 and its 200-day moving average is $247.65.

SPDR Gold Shares 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).