Vertex Planning Partners LLC Buys 320 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Vertex Planning Partners LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.2% during the third quarter, Holdings Channel reports. The institutional investor owned 2,575 shares of the exchange traded fund’s stock after buying an additional 320 shares during the period. Vertex Planning Partners LLC’s holdings in SPDR Gold Shares were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Romano Brothers AND Company boosted its position in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares during the period. Delta Financial Group Inc. lifted its stake in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares in the last quarter. Spinnaker Trust boosted its holdings in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after buying an additional 43 shares during the period. Compton Wealth Advisory Group LLC increased its stake in SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after buying an additional 44 shares in the last quarter. Finally, Ballast Inc. raised its holdings in SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 45 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $241.09 on Tuesday. SPDR Gold Shares has a 1-year low of $182.23 and a 1-year high of $257.71. The business has a 50 day simple moving average of $245.14 and a two-hundred day simple moving average of $229.84.

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).