SPDR Gold Shares (NYSEARCA:GLD) Sets New 12-Month High – Here’s What Happened

SPDR Gold Shares (NYSEARCA:GLD) shares hit a new 52-week high during trading on Thursday . The company traded as high as $257.99 and last traded at $257.97, with a volume of 4705135 shares changing hands. The stock had previously closed at $254.20.

SPDR Gold Shares Stock Up 1.5 %

The company’s fifty day simple moving average is $245.98 and its two-hundred day simple moving average is $240.26.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after buying an additional 606,411 shares during the period. Diversify Advisory Services LLC boosted its stake in shares of SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in SPDR Gold Shares by 47.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares during the period. Finally, Banco Santander S.A. raised its holdings in SPDR Gold Shares by 245.1% in the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

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).