SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by KG&L Capital Management LLC

KG&L Capital Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,139 shares of the exchange traded fund’s stock after purchasing an additional 221 shares during the quarter. KG&L Capital Management LLC’s holdings in SPDR Gold Shares were worth $518,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares during the 3rd quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter worth $38,000. Sugarloaf Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in SPDR Gold Shares during the third quarter valued at approximately $40,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $258.56 on Friday. The business’s fifty day moving average price is $246.38 and its 200 day moving average price is $240.62. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $259.99.

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).