Bedel Financial Consulting Inc. Buys 1,146 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Bedel Financial Consulting Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,859 shares of the exchange traded fund’s stock after purchasing an additional 1,146 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in SPDR Gold Shares were worth $1,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC lifted its holdings in shares of SPDR Gold Shares by 9.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,602 shares of the exchange traded fund’s stock worth $653,000 after acquiring an additional 234 shares during the last quarter. F M Investments LLC bought a new stake in SPDR Gold Shares in the third quarter worth about $234,000. Janney Montgomery Scott LLC boosted its position in shares of SPDR Gold Shares by 4.7% during the third quarter. Janney Montgomery Scott LLC now owns 204,857 shares of the exchange traded fund’s stock valued at $49,793,000 after buying an additional 9,117 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $219,000. Finally, Kanawha Capital Management LLC raised its holdings in shares of SPDR Gold Shares by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 3,198 shares of the exchange traded fund’s stock worth $777,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $266.74 on Tuesday. The stock has a 50 day moving average price of $256.08 and a 200 day moving average price of $247.23. SPDR Gold Shares has a 52-week low of $193.88 and a 52-week high of $272.32. The firm has a market capitalization of $80.18 billion, a P/E ratio of -28.59 and a beta of 0.20.

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).