SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 47.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,292 shares of the exchange traded fund’s stock after purchasing an additional 1,695 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in SPDR Gold Shares were worth $1,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $564,000. CIBC Asset Management Inc increased its stake in shares of SPDR Gold Shares by 39.8% in the third quarter. CIBC Asset Management Inc now owns 3,986 shares of the exchange traded fund’s stock worth $969,000 after acquiring an additional 1,134 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of SPDR Gold Shares by 6.7% in the third quarter. Thrivent Financial for Lutherans now owns 81,301 shares of the exchange traded fund’s stock worth $19,762,000 after acquiring an additional 5,111 shares during the period. Quest Partners LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $1,215,000. Finally, Strengthening Families & Communities LLC boosted its holdings in SPDR Gold Shares by 13.8% during the third quarter. Strengthening Families & Communities LLC now owns 1,440 shares of the exchange traded fund’s stock worth $350,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $276.73 on Tuesday. The company’s fifty day moving average price is $261.76 and its 200 day moving average price is $249.96. SPDR Gold Shares has a 1 year low of $198.94 and a 1 year high of $279.26. The company has a market capitalization of $83.19 billion, a PE ratio of -29.30 and a beta of 0.20.

SPDR Gold Shares Company 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).