Vision Financial Markets LLC Invests $97,000 in SPDR Gold Shares (NYSEARCA:GLD)

Vision Financial Markets LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 400 shares of the exchange traded fund’s stock, valued at approximately $97,000.

Several other hedge funds have also modified their holdings of GLD. Harbor Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $219,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $38,000. Heritage Investors Management Corp raised its position in shares of SPDR Gold Shares by 123.1% during the 3rd quarter. Heritage Investors Management Corp now owns 2,476 shares of the exchange traded fund’s stock worth $602,000 after purchasing an additional 1,366 shares during the last quarter. Crestwood Advisors Group LLC raised its position in shares of SPDR Gold Shares by 4.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 4,997 shares of the exchange traded fund’s stock worth $1,215,000 after purchasing an additional 222 shares during the last quarter. Finally, Crescent Grove Advisors LLC raised its position in shares of SPDR Gold Shares by 10.0% during the 3rd quarter. Crescent Grove Advisors LLC now owns 5,966 shares of the exchange traded fund’s stock worth $1,450,000 after purchasing an additional 544 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.2 %

GLD opened at $269.62 on Thursday. SPDR Gold Shares has a twelve month low of $197.44 and a twelve month high of $272.32. The company has a 50-day moving average price of $257.20 and a 200 day moving average price of $247.65. The company has a market cap of $81.05 billion, a PE ratio of -28.59 and a beta of 0.20.

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).