Paloma Partners Management Co Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Paloma Partners Management Co acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the third quarter, HoldingsChannel reports. The institutional investor acquired 1,600 shares of the exchange traded fund’s stock, valued at approximately $389,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. grew its holdings in shares of 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 buying an additional 48 shares during the last quarter. Private Ocean LLC grew its holdings in shares of 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 buying an additional 76 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $28,000. Finally, Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.3 %

NYSEARCA:GLD opened at $244.67 on Thursday. The company’s 50 day moving average price is $246.48 and its 200-day moving average price is $232.04. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week 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).