David J Yvars Group Makes New $230,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

David J Yvars Group acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel reports. The fund acquired 950 shares of the exchange traded fund’s stock, valued at approximately $230,000.

Several other large investors have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its position in shares of SPDR Gold Shares by 15.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 26,399 shares of the exchange traded fund’s stock worth $5,676,000 after buying an additional 3,509 shares during the last quarter. Black Diamond Financial LLC lifted its position in shares of SPDR Gold Shares by 722.4% in the 2nd quarter. Black Diamond Financial LLC now owns 15,189 shares of the exchange traded fund’s stock worth $3,266,000 after purchasing an additional 13,342 shares during the period. One Capital Management LLC boosted its stake in shares of SPDR Gold Shares by 70.7% during the 2nd quarter. One Capital Management LLC now owns 6,357 shares of the exchange traded fund’s stock valued at $1,367,000 after purchasing an additional 2,633 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in SPDR Gold Shares by 26.2% in the second quarter. Citizens Financial Group Inc. RI now owns 17,311 shares of the exchange traded fund’s stock worth $3,722,000 after buying an additional 3,594 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. bought a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $992,000. 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 $245.74 on Tuesday. The stock has a 50 day moving average price of $243.87 and a 200-day moving average price of $237.59. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.

About SPDR Gold Shares

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).