SPDR Gold Shares $GLD Shares Purchased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,082 shares of the exchange traded fund’s stock after purchasing an additional 12,402 shares during the quarter. SPDR Gold Shares makes up about 1.8% of Chesley Taft & Associates LLC’s holdings, making the stock its 11th biggest position. Chesley Taft & Associates LLC’s holdings in SPDR Gold Shares were worth $46,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $26,000. Hopwood Financial Services Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at $27,000. Vestwell Advisors LLC purchased a new position in shares of SPDR Gold Shares during the third quarter worth about $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter worth about $31,000. Finally, USA Financial Formulas acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $414.70 on Friday. The company has a market capitalization of $157.63 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $272.58 and a fifty-two week high of $509.70. The stock has a 50-day simple moving average of $455.75 and a 200-day simple moving average of $406.44.

About SPDR Gold Shares

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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