Burford Brothers Inc. raised its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,099 shares of the exchange traded fund’s stock after buying an additional 125 shares during the period. Burford Brothers Inc.’s holdings in SPDR Gold Shares were worth $266,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares during the third quarter worth about $38,000. Sugarloaf Wealth Management LLC grew its stake in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares in the third quarter valued at about $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA GLD opened at $258.56 on Monday. The stock’s 50 day moving average price is $246.38 and its two-hundred day moving average price is $240.71. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $259.99.
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).
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