SPDR Gold Shares (NYSEARCA:GLD) Stake Boosted by Stratos Investment Management LLC

Stratos Investment Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,305 shares of the exchange traded fund’s stock after purchasing an additional 422 shares during the period. Stratos Investment Management LLC’s holdings in SPDR Gold Shares were worth $316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $38,000. Sugarloaf Wealth Management LLC raised 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 last quarter. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

Shares of GLD opened at $264.13 on Thursday. The company has a 50-day simple moving average of $247.12 and a 200-day simple moving average of $241.33. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $265.99.

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).