Peak Financial Management Inc. Buys Shares of 942 SPDR Gold Shares (NYSEARCA:GLD)

Peak Financial Management Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 942 shares of the exchange traded fund’s stock, valued at approximately $229,000.

Other large investors have also modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth $25,000. Semmax Financial Advisors Inc. increased its position in shares of 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 worth $25,000 after acquiring an additional 48 shares during the period. Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares in the first quarter valued at $26,000. Private Ocean LLC raised its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Finally, Security National Bank acquired a new stake in SPDR Gold Shares in the first quarter valued at $28,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

SPDR Gold Shares stock traded up $0.85 during midday trading on Tuesday, reaching $245.92. The company’s stock had a trading volume of 5,392,989 shares, compared to its average volume of 6,994,209. SPDR Gold Shares has a fifty-two week low of $177.54 and a fifty-two week high of $247.37. The business has a 50-day simple moving average of $235.65 and a 200-day simple moving average of $224.02.

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).