SPDR Gold Shares (NYSEARCA:GLD – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $253.17 and last traded at $253.08, with a volume of 278003 shares. The stock had previously closed at $251.22.
SPDR Gold Shares Price Performance
The business has a 50 day simple moving average of $239.18 and a 200 day simple moving average of $225.85.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in GLD. Key Client Fiduciary Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $276,000. Wealthcare Advisory Partners LLC increased its position in SPDR Gold Shares by 42.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,474 shares of the exchange traded fund’s stock worth $1,949,000 after purchasing an additional 2,818 shares during the period. Signet Financial Management LLC acquired a new stake in SPDR Gold Shares in the first quarter worth about $231,000. Wealth Enhancement Advisory Services LLC raised its holdings in SPDR Gold Shares by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,828 shares of the exchange traded fund’s stock worth $32,880,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its position in SPDR Gold Shares by 11.9% during the 1st quarter. Vanguard Capital Wealth Advisors now owns 5,377 shares of the exchange traded fund’s stock valued at $1,106,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.
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).
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