Alexander Labrunerie & CO. Inc. boosted its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,382 shares of the exchange traded fund’s stock after acquiring an additional 135 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in SPDR Gold Shares were worth $335,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $38,000. Sugarloaf Wealth Management LLC grew its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
NYSEARCA GLD opened at $262.50 on Wednesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $262.54. The company has a 50-day moving average price of $246.73 and a two-hundred day moving average price of $241.04.
SPDR Gold Shares 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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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