Holowesko Partners Ltd. Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Holowesko Partners Ltd. increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 48.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,400 shares of the exchange traded fund’s stock after purchasing an additional 3,400 shares during the period. SPDR Gold Shares makes up about 1.2% of Holowesko Partners Ltd.’s holdings, making the stock its 17th biggest holding. Holowesko Partners Ltd.’s holdings in SPDR Gold Shares were worth $2,518,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ameraudi Asset Management Inc. grew its position in SPDR Gold Shares by 133.8% during the 4th quarter. Ameraudi Asset Management Inc. now owns 4,084 shares of the exchange traded fund’s stock worth $989,000 after acquiring an additional 2,337 shares during the last quarter. United Bank boosted its stake in shares of SPDR Gold Shares by 16.4% during the fourth quarter. United Bank now owns 2,841 shares of the exchange traded fund’s stock valued at $688,000 after purchasing an additional 400 shares during the period. Physician Wealth Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 10.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 1,858 shares of the exchange traded fund’s stock worth $450,000 after purchasing an additional 169 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of SPDR Gold Shares by 2.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 61,098 shares of the exchange traded fund’s stock worth $15,022,000 after buying an additional 1,394 shares during the period. Finally, Life Planning Partners Inc bought a new stake in SPDR Gold Shares during the 4th quarter valued at $6,625,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.7 %

Shares of SPDR Gold Shares stock opened at $284.06 on Friday. The company’s fifty day simple moving average is $267.64 and its two-hundred day simple moving average is $252.90. SPDR Gold Shares has a 12-month low of $206.29 and a 12-month high of $284.64. The firm has a market cap of $85.39 billion, a PE ratio of -29.30 and a beta of 0.20.

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).