SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by First City Capital Management Inc.

First City Capital Management Inc. grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% during the 3rd quarter, Holdings Channel reports. The firm owned 3,120 shares of the exchange traded fund’s stock after purchasing an additional 195 shares during the period. First City Capital Management Inc.’s holdings in SPDR Gold Shares were worth $758,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Private Ocean LLC grew its holdings in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth $28,000. Finally, Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth $29,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $241.09 on Tuesday. The stock’s fifty day simple moving average is $245.14 and its 200 day simple moving average is $229.84. SPDR Gold Shares has a 52-week low of $182.23 and a 52-week high of $257.71.

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).