First American Trust FSB Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

First American Trust FSB grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,732 shares of the exchange traded fund’s stock after buying an additional 288 shares during the period. First American Trust FSB’s holdings in SPDR Gold Shares were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Clarus Group Inc. grew its stake in shares of 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 buying an additional 40 shares in the last quarter. Kellett Wealth Advisors LLC grew its position in SPDR Gold Shares by 3.6% in the 4th quarter. Kellett Wealth Advisors LLC now owns 1,160 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 40 shares in the last quarter. Wealth Advisors of Iowa LLC grew its position in SPDR Gold Shares by 3.9% in the 4th quarter. Wealth Advisors of Iowa LLC now owns 1,070 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 40 shares in the last quarter. Magnus Financial Group LLC increased its stake in SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the period. Finally, Pittenger & Anderson Inc. lifted its position in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $277.25 on Tuesday. SPDR Gold Shares has a one year low of $200.97 and a one year high of $281.48. The firm has a 50 day simple moving average of $265.10 and a 200-day simple moving average of $251.67. The firm has a market cap of $83.34 billion, a price-to-earnings 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).