Flow Traders U.S. LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Flow Traders U.S. LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,623 shares of the exchange traded fund’s stock, valued at approximately $1,853,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GLD. Price T Rowe Associates Inc. MD bought a new position in SPDR Gold Shares in the 1st quarter valued at $309,000. Burney Co. purchased a new stake in SPDR Gold Shares during the first quarter worth about $205,000. Massmutual Trust Co. FSB ADV increased its holdings in SPDR Gold Shares by 202.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,088 shares of the exchange traded fund’s stock worth $664,000 after buying an additional 2,068 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR Gold Shares in the second quarter worth about $45,000. Finally, Kingswood Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 72.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 19,334 shares of the exchange traded fund’s stock valued at $4,157,000 after acquiring an additional 8,131 shares during the last quarter. 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 $245.59 on Monday. The company has a 50 day moving average of $246.53 and a 200-day moving average of $231.64. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

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).