Cathy Pareto & Associates Inc. Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Cathy Pareto & Associates Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,422 shares of the exchange traded fund’s stock, valued at approximately $344,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares during the third quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the third quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the third quarter valued at about $38,000. Sugarloaf Wealth Management LLC grew its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new position in SPDR Gold Shares during the third quarter valued at about $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $255.65 on Monday. The firm has a 50-day moving average of $245.31 and a 200 day moving average of $239.58. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two 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).