Lee Danner & Bass Inc. Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Lee Danner & Bass Inc. purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,344 shares of the exchange traded fund’s stock, valued at approximately $934,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLD. Oxler Private Wealth LLC increased its holdings in SPDR Gold Shares by 48.9% in the second quarter. Oxler Private Wealth LLC now owns 24,438 shares of the exchange traded fund’s stock valued at $5,254,000 after buying an additional 8,021 shares during the last quarter. Stelac Advisory Services LLC grew its position in shares of SPDR Gold Shares by 80.3% in the 2nd quarter. Stelac Advisory Services LLC now owns 1,208 shares of the exchange traded fund’s stock worth $260,000 after acquiring an additional 538 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of SPDR Gold Shares by 4.2% in the 2nd quarter. Crewe Advisors LLC now owns 5,102 shares of the exchange traded fund’s stock valued at $1,097,000 after acquiring an additional 205 shares during the last quarter. Highview Capital Management LLC DE raised its position in shares of SPDR Gold Shares by 5.4% during the 2nd quarter. Highview Capital Management LLC DE now owns 38,584 shares of the exchange traded fund’s stock valued at $8,296,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in SPDR Gold Shares by 3.1% during the second quarter. Nations Financial Group Inc. IA ADV now owns 30,795 shares of the exchange traded fund’s stock worth $6,621,000 after purchasing an additional 928 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $231.29 on Friday. The firm’s 50-day moving average price is $223.46 and its two-hundred day moving average price is $213.70. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $234.01.

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).