Global Trust Asset Management LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,000 shares of the exchange traded fund’s stock, valued at approximately $243,000.
A number of other institutional investors also recently made changes to their positions in GLD. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $25,000. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% in the 2nd 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 in the last quarter. Private Ocean LLC boosted its stake in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of GLD opened at $252.76 on Friday. The firm has a fifty day simple moving average of $239.18 and a two-hundred day simple moving average of $225.85. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $253.94.
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).
Read More
- Five stocks we like better than SPDR Gold Shares
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Top Biotech Stocks: Exploring Innovation Opportunities
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Do ETFs Pay Dividends? What You Need to Know
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
