SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Tanager Wealth Management LLP

Tanager Wealth Management LLP raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 19.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 987 shares of the exchange traded fund’s stock after purchasing an additional 163 shares during the period. Tanager Wealth Management LLP’s holdings in SPDR Gold Shares were worth $239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC lifted its holdings in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $262.50 on Wednesday. The stock’s fifty day moving average is $246.73 and its two-hundred day moving average is $241.04. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $262.54.

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).