First Merchants Corp Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

First Merchants Corp purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,197 shares of the exchange traded fund’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLD. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at $28,000. PayPay Securities Corp raised its position in SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at $38,000. Finally, Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.5 %

GLD stock opened at $266.29 on Friday. SPDR Gold Shares has a 12 month low of $184.84 and a 12 month high of $270.39. The company has a fifty day moving average price of $250.28 and a 200 day moving average price of $243.26.

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).