Birch Capital Management LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 535 shares of the exchange traded fund’s stock, valued at approximately $130,000.
Other hedge funds have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. grew its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter worth about $28,000. Chris Bulman Inc purchased a new position in SPDR Gold Shares in the 2nd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares during the third quarter worth approximately $38,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Up 0.5 %
Shares of GLD traded up $1.18 during midday trading on Tuesday, reaching $244.37. The company had a trading volume of 3,784,932 shares, compared to its average volume of 4,598,562. The firm has a 50 day simple moving average of $244.72 and a 200-day simple moving average of $236.48. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.
About SPDR Gold Shares
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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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:GLD – Free Report).
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