Maryland Capital Advisors Inc. Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 165 shares of the exchange traded fund’s stock, valued at approximately $40,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares in the second quarter worth about $25,000. Semmax Financial Advisors Inc. grew its stake 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 acquiring an additional 48 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares during the first quarter valued at approximately $26,000. Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Finally, Chris Bulman Inc purchased a new position in SPDR Gold Shares during the second quarter valued at approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of NYSEARCA:GLD opened at $253.89 on Wednesday. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $253.94. The company has a 50 day moving average of $238.69 and a 200 day moving average of $225.67.

SPDR Gold Shares Company 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).