SPDR Gold Shares (NYSEARCA:GLD) Stock Position Lifted by Bayshore Asset Management LLC

Bayshore Asset Management LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,219 shares of the exchange traded fund’s stock after buying an additional 186 shares during the quarter. SPDR Gold Shares accounts for about 1.1% of Bayshore Asset Management LLC’s holdings, making the stock its 17th biggest position. Bayshore Asset Management LLC’s holdings in SPDR Gold Shares were worth $2,474,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Semmax Financial Advisors Inc. lifted its stake in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares in the third quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC increased 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 worth $39,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $249.27 on Monday. The business’s 50-day simple moving average is $243.85 and its 200-day simple moving average is $238.37. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week 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).