Paragon Advisors LLC Invests $220,000 in SPDR Gold Shares (NYSEARCA:GLD)

Paragon Advisors LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 904 shares of the exchange traded fund’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently made changes to their positions in the business. First Foundation Advisors raised its position in shares of SPDR Gold Shares by 4.2% in the 1st quarter. First Foundation Advisors now owns 5,984 shares of the exchange traded fund’s stock valued at $1,231,000 after purchasing an additional 243 shares during the last quarter. TIAA Trust National Association raised its holdings in shares of SPDR Gold Shares by 51.8% in the first quarter. TIAA Trust National Association now owns 2,153 shares of the exchange traded fund’s stock worth $443,000 after buying an additional 735 shares during the last quarter. Cercano Management LLC lifted its stake in shares of SPDR Gold Shares by 10,869.6% during the first quarter. Cercano Management LLC now owns 50,460 shares of the exchange traded fund’s stock worth $10,381,000 after buying an additional 50,000 shares during the period. Ironsides Asset Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the first quarter worth $206,000. Finally, Strait & Sound Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 9.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 1,181 shares of the exchange traded fund’s stock valued at $260,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $236.59 on Friday. The stock’s fifty day moving average price is $244.95 and its 200 day moving average price is $229.41. SPDR Gold Shares has a 1 year low of $182.23 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).