160 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by Compass Planning Associates Inc

Compass Planning Associates Inc bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 160 shares of the exchange traded fund’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Cassaday & Co Wealth Management LLC increased its position in shares of SPDR Gold Shares by 1.8% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,962 shares of the exchange traded fund’s stock worth $1,201,000 after acquiring an additional 90 shares during the period. Centricity Wealth Management LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth $2,537,000. Legacy Capital Group California Inc. increased its holdings in SPDR Gold Shares by 5.7% during the 4th quarter. Legacy Capital Group California Inc. now owns 1,627 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 88 shares during the period. Ardent Capital Management Inc. raised its position in SPDR Gold Shares by 40.0% in the 4th quarter. Ardent Capital Management Inc. now owns 1,400 shares of the exchange traded fund’s stock valued at $339,000 after purchasing an additional 400 shares in the last quarter. Finally, One Day In July LLC boosted its stake in shares of SPDR Gold Shares by 31.8% in the 4th quarter. One Day In July LLC now owns 1,265 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 305 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $270.99 on Friday. The business has a 50-day simple moving average of $252.48 and a 200-day simple moving average of $244.82. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84.

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).