IPG Investment Advisors LLC Has $5.41 Million Position in SPDR Gold Shares $GLD

IPG Investment Advisors LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 10.4% during the 4th quarter, HoldingsChannel reports. The firm owned 13,644 shares of the exchange traded fund’s stock after acquiring an additional 1,284 shares during the quarter. SPDR Gold Shares comprises about 0.9% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 27th biggest position. IPG Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $5,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Premier Financial Group grew its position in shares of SPDR Gold Shares by 18.7% in the fourth quarter. Premier Financial Group now owns 5,150 shares of the exchange traded fund’s stock valued at $2,044,000 after purchasing an additional 812 shares during the last quarter. TradeWell Securities LLC. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $233,000. Texas Capital Bank Wealth Management Services Inc grew its position in shares of SPDR Gold Shares by 9.8% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,724 shares of the exchange traded fund’s stock valued at $683,000 after purchasing an additional 154 shares during the last quarter. Starr Indemnity & Liability Co grew its position in shares of SPDR Gold Shares by 11.5% in the fourth quarter. Starr Indemnity & Liability Co now owns 562,220 shares of the exchange traded fund’s stock valued at $222,813,000 after purchasing an additional 57,802 shares during the last quarter. Finally, Perissos Private Wealth Management LLC grew its position in shares of SPDR Gold Shares by 14.8% in the fourth quarter. Perissos Private Wealth Management LLC now owns 20,012 shares of the exchange traded fund’s stock valued at $7,931,000 after purchasing an additional 2,576 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

More SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $408.49 on Thursday. The company has a market cap of $148.57 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock’s 50-day moving average is $426.74 and its 200-day moving average is $426.03. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70.

SPDR Gold Shares Company Profile

(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

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.