Encompass More Asset Management Acquires New Position in SPDR Gold Shares (NYSEARCA:GLD)

Encompass More Asset Management bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,600 shares of the exchange traded fund’s stock, valued at approximately $1,114,000.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC raised its position in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8 %

NYSEARCA:GLD opened at $256.21 on Friday. The firm’s fifty day moving average is $244.59 and its two-hundred day moving average is $239.07. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

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).