984 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by Clearwater Capital Advisors LLC

Clearwater Capital Advisors LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 984 shares of the exchange traded fund’s stock, valued at approximately $202,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares during the first quarter worth about $26,000. First Personal Financial Services bought a new position in SPDR Gold Shares during the fourth quarter worth about $25,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares during the fourth quarter worth about $26,000. Security National Bank bought a new position in SPDR Gold Shares during the first quarter worth about $28,000. Finally, Gold Investment Management Ltd. bought a new position in SPDR Gold Shares during the fourth quarter worth about $27,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $1.42 during trading on Thursday, reaching $225.81. The stock had a trading volume of 5,479,057 shares, compared to its average volume of 7,234,500. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $229.65. The business’s 50-day moving average price is $218.00 and its 200 day moving average price is $205.79.

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).