Riggs Capital Management LLC Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Riggs Capital Management LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 877 shares of the exchange traded fund’s stock, valued at approximately $212,000.

Several other hedge funds also recently bought and sold shares of GLD. Cannell & Spears LLC boosted its stake in shares of SPDR Gold Shares by 11.0% during the fourth quarter. Cannell & Spears LLC now owns 10,708 shares of the exchange traded fund’s stock valued at $2,593,000 after acquiring an additional 1,061 shares during the last quarter. Summit Financial LLC lifted its holdings in SPDR Gold Shares by 11.0% in the 4th quarter. Summit Financial LLC now owns 30,538 shares of the exchange traded fund’s stock valued at $7,394,000 after purchasing an additional 3,025 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of SPDR Gold Shares by 0.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 52,395 shares of the exchange traded fund’s stock worth $12,686,000 after purchasing an additional 472 shares during the last quarter. Goepper Burkhardt LLC grew its holdings in shares of SPDR Gold Shares by 9.7% during the fourth quarter. Goepper Burkhardt LLC now owns 1,640 shares of the exchange traded fund’s stock worth $397,000 after buying an additional 145 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of SPDR Gold Shares by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,704 shares of the exchange traded fund’s stock valued at $1,381,000 after buying an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $284.06 on Monday. The company has a market capitalization of $85.39 billion, a price-to-earnings ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $206.29 and a 1 year high of $288.32. The company’s 50 day simple moving average is $267.64 and its 200 day simple moving average is $253.04.

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).