David J Yvars Group acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 950 shares of the exchange traded fund’s stock, valued at approximately $230,000.
A number of other hedge funds have also added to or reduced their stakes in GLD. Semmax Financial Advisors Inc. lifted its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC raised its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 1.0 %
GLD opened at $245.74 on Tuesday. The stock has a 50-day moving average price of $243.87 and a 200-day moving average price of $237.59. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71.
SPDR Gold Shares Company 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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