Keystone Financial Group Inc. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 163 shares of the exchange traded fund’s stock, valued at approximately $39,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Romano Brothers AND Company raised its stake in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares in the last quarter. Magnus Financial Group LLC grew its holdings in shares of SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares during the last quarter. Spinnaker Trust grew its holdings in shares of SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 43 shares during the last quarter. Adirondack Trust Co. grew its holdings in shares of SPDR Gold Shares by 3.3% in the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 43 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC grew its holdings in shares of SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA GLD opened at $263.43 on Friday. The stock’s fifty day simple moving average is $247.54 and its 200 day simple moving average is $241.49. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $265.99.
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).
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