Shepherd Financial Partners LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Shepherd Financial Partners LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel reports. The firm bought 1,011 shares of the exchange traded fund’s stock, valued at approximately $245,000.

Several other large investors have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in shares of SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of SPDR Gold Shares by 446.0% during the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SPDR Gold Shares by 47.5% in 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 buying an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. grew its position in shares of SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after buying an additional 114,151 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2 %

Shares of GLD stock opened at $263.90 on Friday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $266.35. The business’s fifty day simple moving average is $247.93 and its 200-day simple moving average is $241.64.

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).