Shariaportfolio Inc. Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Shariaportfolio Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,824 shares of the exchange traded fund’s stock after purchasing an additional 81 shares during the quarter. Shariaportfolio Inc.’s holdings in SPDR Gold Shares were worth $607,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. TKG Advisors LLC grew its holdings in shares of SPDR Gold Shares by 0.7% during the fourth quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after purchasing an additional 110 shares during the last quarter. City Holding Co. grew its stake in SPDR Gold Shares by 5.6% during the 1st quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after buying an additional 195 shares during the last quarter. Ndwm LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth approximately $546,000. St. Johns Investment Management Company LLC lifted its stake in SPDR Gold Shares by 5.7% in the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock valued at $5,704,000 after buying an additional 1,492 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of SPDR Gold Shares by 0.8% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 297,779 shares of the exchange traded fund’s stock valued at $56,926,000 after acquiring an additional 2,335 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $237.34 on Wednesday. The company’s 50 day simple moving average is $227.88 and its 200-day simple moving average is $218.27. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $239.28.

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).