861 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by Figure 8 Investment Strategies LLC

Figure 8 Investment Strategies LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 861 shares of the exchange traded fund’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. Physician Wealth Advisors Inc. lifted its stake in SPDR Gold Shares by 19.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,689 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 275 shares in the last quarter. Curran Financial Partners LLC boosted its position in shares of SPDR Gold Shares by 2.2% during the 3rd quarter. Curran Financial Partners LLC now owns 7,378 shares of the exchange traded fund’s stock valued at $1,793,000 after acquiring an additional 160 shares during the last quarter. Alliance Wealth Advisors LLC increased its position in SPDR Gold Shares by 1.7% during the third quarter. Alliance Wealth Advisors LLC now owns 15,629 shares of the exchange traded fund’s stock worth $3,799,000 after purchasing an additional 257 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in SPDR Gold Shares by 8.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 8,297 shares of the exchange traded fund’s stock valued at $2,017,000 after purchasing an additional 641 shares during the last quarter. Finally, Tamar Securities LLC grew its stake in shares of SPDR Gold Shares by 0.7% in the 3rd quarter. Tamar Securities LLC now owns 18,153 shares of the exchange traded fund’s stock valued at $4,412,000 after buying an additional 120 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $270.31 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $270.39. The company has a 50 day simple moving average of $249.73 and a 200-day simple moving average of $243.07.

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).