10,033 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by Bayshore Asset Management LLC

Bayshore Asset Management LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,033 shares of the exchange traded fund’s stock, valued at approximately $2,439,000. SPDR Gold Shares makes up 1.1% of Bayshore Asset Management LLC’s portfolio, making the stock its 17th largest position.

Other large investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. grew its holdings in shares of 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 worth $25,000 after purchasing an additional 48 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $26,000. Private Ocean LLC increased its stake in shares of SPDR Gold Shares by 155.1% during 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 during the period. Finally, Security National Bank bought a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $28,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $251.23 on Tuesday. The company has a 50-day simple moving average of $238.17 and a two-hundred day simple moving average of $225.40. SPDR Gold Shares has a one year low of $179.11 and a one year high of $253.14.

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).