Lion Street Advisors LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Lion Street Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 102.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,237 shares of the exchange traded fund’s stock after acquiring an additional 2,139 shares during the quarter. Lion Street Advisors LLC’s holdings in SPDR Gold Shares were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in SPDR Gold Shares in the 4th quarter worth $26,000. Compass Planning Associates Inc bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $39,000. Pittenger & Anderson Inc. boosted its holdings in shares of SPDR Gold Shares by 25.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares during the period. American National Bank & Trust grew its stake in shares of SPDR Gold Shares by 189.4% in the first quarter. American National Bank & Trust now owns 191 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 125 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $56,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $311.94 on Wednesday. The stock’s 50-day moving average is $304.84 and its 200 day moving average is $275.83. The company has a market cap of $102.00 billion, a PE ratio of -32.43 and a beta of 0.11. SPDR Gold Shares has a 1 year low of $212.12 and a 1 year high of $317.63.

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).