Fiduciary Trust Co raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,117 shares of the exchange traded fund’s stock after acquiring an additional 1,497 shares during the quarter. Fiduciary Trust Co’s holdings in SPDR Gold Shares were worth $9,265,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the business. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares during the second quarter worth approximately $25,000. Semmax Financial Advisors Inc. lifted its position 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 buying an additional 48 shares during the last quarter. Private Ocean LLC boosted 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 valued at $27,000 after buying an additional 76 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Finally, Chris Bulman Inc acquired a new stake in SPDR Gold Shares during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of GLD opened at $243.49 on Thursday. The firm has a fifty day moving average price of $246.38 and a 200 day moving average price of $231.18. SPDR Gold Shares has a 1-year low of $183.15 and a 1-year 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).
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