Tallon Kerry Patrick bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,230 shares of the exchange traded fund’s stock, valued at approximately $547,000.
Several other large investors also recently added to or reduced their stakes in GLD. Semmax Financial Advisors Inc. lifted its holdings in 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 valued at $25,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $38,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings 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 valued at $39,000 after purchasing an additional 71 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Stock Up 0.7 %
Shares of NYSEARCA:GLD opened at $250.60 on Friday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The firm’s 50 day simple moving average is $243.81 and its two-hundred day simple moving average is $237.89.
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).
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