AlphaStar Capital Management LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

AlphaStar Capital Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,504 shares of the exchange traded fund’s stock after purchasing an additional 73 shares during the period. AlphaStar Capital Management LLC’s holdings in SPDR Gold Shares were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GLD. First Personal Financial Services purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth $25,000. Johnson Midwest Financial LLC increased its position in SPDR Gold Shares by 350.0% in the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares during the last quarter. Private Ocean LLC raised its stake in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Naples Money Management LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at $31,000. Finally, Advantage Trust Co purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded down $2.39 during trading hours on Monday, hitting $216.32. 3,613,207 shares of the company traded hands, compared to its average volume of 7,853,085. The company’s 50 day moving average price is $209.81 and its 200 day moving average price is $195.01. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

About SPDR Gold Shares

(Free Report)

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).

Read More

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.