True North Advisors LLC Acquires New Holdings in SPDR Gold Shares (NYSEARCA:GLD)

True North Advisors LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 917 shares of the exchange traded fund’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the third quarter worth $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $38,000. Sugarloaf Wealth Management LLC raised its holdings in shares of 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 worth $39,000 after acquiring an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $40,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Down 0.1 %

GLD stock opened at $254.07 on Friday. The stock has a 50-day moving average price of $244.59 and a two-hundred day moving average price of $239.07. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

SPDR Gold Shares 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).