NBW Capital LLC Purchases 807 Shares of SPDR Gold Shares (NYSEARCA:GLD)

NBW Capital LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,798 shares of the exchange traded fund’s stock after purchasing an additional 807 shares during the period. NBW Capital LLC’s holdings in SPDR Gold Shares were worth $5,101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. First Personal Financial Services purchased a new stake in SPDR Gold Shares in the fourth quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $26,000. Gold Investment Management Ltd. bought a new position in shares of SPDR Gold Shares in the 4th quarter worth about $27,000. Finally, Security National Bank purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD traded down $0.43 during trading on Friday, hitting $225.34. 11,109,387 shares of the company’s stock traded hands, compared to its average volume of 6,606,000. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $229.65. The company’s 50 day simple moving average is $218.58 and its two-hundred day simple moving average is $208.48.

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).