Townsend & Associates Inc Raises Stake in SPDR Gold Shares (NYSEARCA:GLD)

Townsend & Associates Inc lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,442 shares of the exchange traded fund’s stock after buying an additional 1,901 shares during the period. SPDR Gold Shares comprises 3.8% of Townsend & Associates Inc’s portfolio, making the stock its 6th largest holding. Townsend & Associates Inc’s holdings in SPDR Gold Shares were worth $36,816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Busey Bank raised its holdings in shares of SPDR Gold Shares by 8.7% during the third quarter. Busey Bank now owns 3,872 shares of the exchange traded fund’s stock valued at $941,000 after purchasing an additional 311 shares during the last quarter. Blackston Financial Advisory Group LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $212,000. Lake Street Advisors Group LLC raised its holdings in shares of SPDR Gold Shares by 29.3% during the third quarter. Lake Street Advisors Group LLC now owns 5,119 shares of the exchange traded fund’s stock valued at $1,244,000 after purchasing an additional 1,159 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of SPDR Gold Shares by 12.4% during the third quarter. Joel Isaacson & Co. LLC now owns 18,362 shares of the exchange traded fund’s stock valued at $4,463,000 after purchasing an additional 2,025 shares during the last quarter. Finally, Mayfair Advisory Group LLC raised its holdings in shares of SPDR Gold Shares by 9.8% during the third quarter. Mayfair Advisory Group LLC now owns 1,890 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $270.74 on Friday. The firm has a 50 day moving average price of $253.00 and a 200-day moving average price of $245.32. SPDR Gold Shares has a twelve month low of $187.05 and a twelve month high of $271.84.

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).