SPDR Gold Shares (NYSEARCA:GLD) Stake Boosted by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 124,762 shares of the exchange traded fund’s stock after buying an additional 9,656 shares during the period. SPDR Gold Shares comprises 2.1% of JTC Employer Solutions Trustee Ltd’s investment portfolio, making the stock its 6th biggest holding. JTC Employer Solutions Trustee Ltd’s holdings in SPDR Gold Shares were worth $30,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Semmax Financial Advisors Inc. lifted its holdings in 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 purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.1 %

Shares of SPDR Gold Shares stock traded down $2.68 on Monday, reaching $245.53. The stock had a trading volume of 3,905,833 shares, compared to its average volume of 6,042,321. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The business’s 50 day moving average is $244.01 and its two-hundred day moving average is $237.37.

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).