Obermeyer Wood Investment Counsel Lllp Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Obermeyer Wood Investment Counsel Lllp lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,820 shares of the exchange traded fund’s stock after purchasing an additional 948 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in SPDR Gold Shares were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. First Personal Financial Services purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth about $25,000. Johnson Midwest Financial LLC raised its position in shares of SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares during the last quarter. Private Ocean LLC raised its position in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter worth about $34,000. Finally, Worth Asset Management LLC bought a new stake in SPDR Gold Shares in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded up $0.75 during midday trading on Thursday, hitting $220.34. 6,483,231 shares of the company’s stock traded hands, compared to its average volume of 7,881,406. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.09. The firm has a fifty day moving average of $200.25 and a 200 day moving average of $190.27.

SPDR Gold Shares Company 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).