Rik Saylor Financial Inc. Purchases New Position in SPDR Gold Shares (NYSEARCA:GLD)

Rik Saylor Financial Inc. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,096 shares of the exchange traded fund’s stock, valued at approximately $992,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLD. Diversified Trust Co grew its position in SPDR Gold Shares by 31.1% during the third quarter. Diversified Trust Co now owns 3,854 shares of the exchange traded fund’s stock valued at $937,000 after buying an additional 915 shares during the period. Ignite Planners LLC acquired a new position in SPDR Gold Shares in the 3rd quarter worth about $326,000. Sugarloaf Wealth Management LLC raised its holdings in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. City Holding Co. boosted its position in SPDR Gold Shares by 20.7% during the third quarter. City Holding Co. now owns 4,907 shares of the exchange traded fund’s stock worth $1,193,000 after purchasing an additional 841 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in SPDR Gold Shares by 8.3% in the third quarter. Brookstone Capital Management now owns 140,692 shares of the exchange traded fund’s stock valued at $34,197,000 after purchasing an additional 10,806 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

Shares of GLD stock opened at $264.13 on Thursday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $265.99. The stock has a 50 day simple moving average of $247.54 and a 200-day simple moving average of $241.49.

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).