Calton & Associates Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 23.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,076 shares of the exchange traded fund’s stock after buying an additional 1,148 shares during the quarter. Calton & Associates Inc.’s holdings in SPDR Gold Shares were worth $1,471,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $38,000. Sugarloaf Wealth Management LLC increased its position in shares of 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 in the third quarter worth about $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
Shares of GLD opened at $258.05 on Friday. The company has a 50-day simple moving average of $245.98 and a two-hundred day simple moving average of $240.26. SPDR Gold Shares has a one year low of $183.78 and a one year high of $258.29.
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).
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