CX Institutional Makes New $312,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

CX Institutional bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel reports. The firm bought 1,290 shares of the exchange traded fund’s stock, valued at approximately $312,000.

A number of other institutional investors have also modified their holdings of GLD. AQR Capital Management LLC lifted its position in SPDR Gold Shares by 4.2% in the second quarter. AQR Capital Management LLC now owns 94,939 shares of the exchange traded fund’s stock valued at $20,413,000 after purchasing an additional 3,839 shares during the period. Murchinson Ltd. acquired a new position in SPDR Gold Shares during the second quarter worth $21,501,000. Buck Wealth Strategies LLC lifted its holdings in SPDR Gold Shares by 1,968.4% in the second quarter. Buck Wealth Strategies LLC now owns 28,213 shares of the exchange traded fund’s stock valued at $6,066,000 after acquiring an additional 26,849 shares during the period. Creative Planning boosted its position in shares of SPDR Gold Shares by 1.7% during the 2nd quarter. Creative Planning now owns 175,421 shares of the exchange traded fund’s stock worth $37,717,000 after purchasing an additional 2,876 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of SPDR Gold Shares by 45.0% in the 2nd quarter. NewEdge Advisors LLC now owns 188,892 shares of the exchange traded fund’s stock valued at $40,614,000 after purchasing an additional 58,584 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $255.65 on Monday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The firm’s 50-day moving average is $245.31 and its two-hundred day moving average is $239.58.

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).