Compass Ion Advisors LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,806 shares of the exchange traded fund’s stock, valued at approximately $4,974,000. SPDR Gold Shares makes up 2.6% of Compass Ion Advisors LLC’s holdings, making the stock its 8th biggest holding.
Several other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $28,000. Strategic Blueprint LLC bought a new position in SPDR Gold Shares during the 3rd quarter worth about $29,000. Corbenic Partners LLC bought a new position in SPDR Gold Shares during the 4th quarter worth about $35,000. Reilly Financial Advisors LLC bought a new position in SPDR Gold Shares during the 3rd quarter worth about $38,000. Finally, Shine Investment Advisory Services Inc. increased its holdings in SPDR Gold Shares by 100.6% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 331 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 166 shares in the last quarter.
GLD stock traded up $0.36 during trading hours on Friday, reaching $146.67. 39,983 shares of the stock were exchanged, compared to its average volume of 9,849,591. The firm’s 50-day moving average is $141.56 and its 200-day moving average is $139.85. SPDR Gold Shares has a 12 month low of $119.54 and a 12 month high of $148.61.
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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