Keystone Financial Group Inc. Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Keystone Financial Group Inc. purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 163 shares of the exchange traded fund’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the third quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the third quarter valued at about $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at about $38,000. Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at about $40,000. Finally, Accordant Advisory Group Inc purchased a new position in SPDR Gold Shares in the third quarter valued at about $45,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $263.43 on Friday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $265.99. The business’s 50-day moving average price is $247.54 and its two-hundred day moving average price is $241.49.

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).