SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Compass Wealth Management LLC

Compass Wealth Management LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,016 shares of the exchange traded fund’s stock after buying an additional 45 shares during the quarter. Compass Wealth Management LLC’s holdings in SPDR Gold Shares were worth $246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the period. Diversify Advisory Services LLC increased its position in SPDR Gold Shares by 446.0% in the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Banco Santander S.A. lifted its position in SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares during the period. Finally, JTC Employer Solutions Trustee Ltd grew its stake in shares of SPDR Gold Shares by 1,565.3% in the 3rd quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock valued at $27,979,000 after purchasing an additional 108,194 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $255.65 on Friday. The stock’s 50 day simple moving average is $245.31 and its 200-day simple moving average is $239.43. SPDR Gold Shares has a 12-month low of $183.78 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).