SPDR Gold Shares (NYSEARCA:GLD) Stock Holdings Increased by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,909 shares of the exchange traded fund’s stock after acquiring an additional 60 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in SPDR Gold Shares were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Muhlenkamp & Co. Inc. grew its holdings in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Muhlenkamp & Co. Inc. now owns 22,085 shares of the exchange traded fund’s stock valued at $5,348,000 after purchasing an additional 137 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $112,000. Renaissance Technologies LLC grew its holdings in shares of SPDR Gold Shares by 487.1% during the fourth quarter. Renaissance Technologies LLC now owns 49,900 shares of the exchange traded fund’s stock valued at $12,082,000 after purchasing an additional 41,400 shares during the last quarter. Invesco Ltd. grew its holdings in SPDR Gold Shares by 60.6% in the 4th quarter. Invesco Ltd. now owns 156,000 shares of the exchange traded fund’s stock worth $37,772,000 after buying an additional 58,850 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. grew its holdings in SPDR Gold Shares by 9.0% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 399,951 shares of the exchange traded fund’s stock worth $96,840,000 after buying an additional 33,066 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $285.38 on Thursday. SPDR Gold Shares has a 12-month low of $210.71 and a 12-month high of $289.13. The firm has a market capitalization of $85.79 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 $273.23 and a 200 day simple moving average of $255.88.

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).