Thompson Davis & CO. Inc. Buys 525 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Thompson Davis & CO. Inc. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 25.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,562 shares of the exchange traded fund’s stock after acquiring an additional 525 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in SPDR Gold Shares were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares during the second quarter worth about $25,000. Semmax Financial Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Private Ocean LLC grew its position in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Finally, Chris Bulman Inc acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.9 %

SPDR Gold Shares stock opened at $243.25 on Wednesday. The company has a 50 day moving average of $245.35 and a 200-day moving average of $230.05. SPDR Gold Shares has a twelve month low of $182.23 and a twelve month high of $257.71.

SPDR Gold Shares Company Profile

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).