SPDR Gold Shares (NYSEARCA:GLD) Reaches New 12-Month High at $167.99

SPDR Gold Shares (NYSEARCA:GLD)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $167.99 and last traded at $167.73, with a volume of 581898 shares trading hands. The stock had previously closed at $166.63.

The company’s 50 day simple moving average is $162.72 and its 200 day simple moving average is $153.21.

A number of large investors have recently bought and sold shares of the business. Johnson Financial Group Inc. increased its stake in SPDR Gold Shares by 5.5% in the 1st quarter. Johnson Financial Group Inc. now owns 1,286 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 67 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in SPDR Gold Shares by 1.4% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,960 shares of the exchange traded fund’s stock valued at $734,000 after buying an additional 68 shares during the last quarter. Winthrop Advisory Group LLC increased its stake in SPDR Gold Shares by 3.2% in the 1st quarter. Winthrop Advisory Group LLC now owns 2,256 shares of the exchange traded fund’s stock valued at $334,000 after buying an additional 70 shares during the last quarter. Quadrant Private Wealth Management LLC increased its stake in SPDR Gold Shares by 2.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 3,197 shares of the exchange traded fund’s stock valued at $473,000 after buying an additional 70 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its stake in SPDR Gold Shares by 4.0% in the 1st quarter. Leavell Investment Management Inc. now owns 1,934 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 74 shares during the last quarter.

About SPDR Gold Shares (NYSEARCA:GLD)

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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