ARS Investment Partners LLC Increases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

ARS Investment Partners LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,234 shares of the exchange traded fund’s stock after acquiring an additional 500 shares during the quarter. ARS Investment Partners LLC’s holdings in SPDR Gold Shares were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Semmax Financial Advisors Inc. lifted its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the period. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares during the third quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares during the third quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $249.27 on Tuesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The business has a fifty day simple moving average of $243.85 and a two-hundred day simple moving average of $238.51.

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).