Harvest Capital Management Inc grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 83,260 shares of the exchange traded fund’s stock after acquiring an additional 1,334 shares during the period. SPDR Gold Shares comprises 3.7% of Harvest Capital Management Inc’s holdings, making the stock its 8th largest holding. Harvest Capital Management Inc’s holdings in SPDR Gold Shares were worth $10,095,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $29,000. Essex Savings Bank acquired a new stake in SPDR Gold Shares in the fourth quarter worth $41,000. Ruggie Capital Group acquired a new stake in SPDR Gold Shares in the fourth quarter worth $42,000. Clean Yield Group acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $89,000. Finally, QCI Asset Management Inc. NY grew its holdings in shares of SPDR Gold Shares by 12.1% during the fourth quarter. QCI Asset Management Inc. NY now owns 814 shares of the exchange traded fund’s stock valued at $99,000 after buying an additional 88 shares during the last quarter.
Shares of NYSEARCA GLD opened at $123.88 on Tuesday. SPDR Gold Shares has a 1 year low of $111.06 and a 1 year high of $129.47.
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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).
Further Reading: Hedge Funds – Risk or Reward?
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