Lake Street Advisors Group LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 44.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,960 shares of the exchange traded fund’s stock after acquiring an additional 1,217 shares during the period. Lake Street Advisors Group LLC’s holdings in SPDR Gold Shares were worth $815,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in SPDR Gold Shares during the fourth quarter worth $25,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares in the first quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $27,000. Finally, Security National Bank purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at $28,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 1.4 %
GLD traded down $3.02 during trading hours on Thursday, hitting $218.78. The stock had a trading volume of 3,666,692 shares, compared to its average volume of 7,183,632. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $229.65. The company’s fifty day simple moving average is $218.28 and its 200 day simple moving average is $206.80.
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).
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