Park Edge Advisors LLC Has $14.56 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Park Edge Advisors LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,779 shares of the exchange traded fund’s stock after buying an additional 2,380 shares during the period. SPDR Gold Shares makes up 4.1% of Park Edge Advisors LLC’s holdings, making the stock its 2nd biggest position. Park Edge Advisors LLC’s holdings in SPDR Gold Shares were worth $14,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Personal Financial Services acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares during the 1st quarter valued at $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares during the fourth quarter worth $27,000. Finally, Security National Bank bought a new stake in SPDR Gold Shares in the first quarter valued at $28,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded up $2.43 during trading on Thursday, hitting $217.99. 5,055,313 shares of the company traded hands, compared to its average volume of 5,293,554. The business’s fifty day moving average is $216.28 and its 200 day moving average is $203.42. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66.

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).