O Shaughnessy Asset Management LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

O Shaughnessy Asset Management LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,704 shares of the exchange traded fund’s stock after buying an additional 703 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,381,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Verition Fund Management LLC raised its holdings in SPDR Gold Shares by 104.1% in the 3rd quarter. Verition Fund Management LLC now owns 2,570 shares of the exchange traded fund’s stock worth $625,000 after acquiring an additional 64,965 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its holdings in shares of SPDR Gold Shares by 72.7% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 6,106 shares of the exchange traded fund’s stock worth $1,484,000 after purchasing an additional 2,570 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of SPDR Gold Shares by 1.8% in the third quarter. Janus Henderson Group PLC now owns 141,263 shares of the exchange traded fund’s stock worth $34,335,000 after purchasing an additional 2,464 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of SPDR Gold Shares during the third quarter valued at $1,929,000. Finally, Quantinno Capital Management LP boosted its position in shares of SPDR Gold Shares by 39.6% during the third quarter. Quantinno Capital Management LP now owns 4,928 shares of the exchange traded fund’s stock valued at $1,198,000 after buying an additional 1,398 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $279.72 on Friday. The firm has a market cap of $84.08 billion, a price-to-earnings ratio of -30.67 and a beta of 0.17. The business has a 50-day simple moving average of $270.91 and a two-hundred day simple moving average of $254.62. SPDR Gold Shares has a fifty-two week low of $210.71 and a fifty-two week high of $289.13.

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).