Starr Indemnity & Liability Co Increases Stock Position in SPDR Gold Shares $GLD

Starr Indemnity & Liability Co boosted its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 562,220 shares of the exchange traded fund’s stock after buying an additional 57,802 shares during the quarter. SPDR Gold Shares accounts for approximately 63.3% of Starr Indemnity & Liability Co’s holdings, making the stock its biggest position. Starr Indemnity & Liability Co owned approximately 0.15% of SPDR Gold Shares worth $222,813,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth about $25,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $27,000. Vestwell Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $27,000. Finally, Eukles Asset Management purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Stock Down 1.3%

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

About SPDR Gold Shares

(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.

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

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