SevenBridge Financial Group LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,882 shares of the exchange traded fund’s stock after buying an additional 136 shares during the quarter. SevenBridge Financial Group LLC’s holdings in SPDR Gold Shares were worth $1,909,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. increased its holdings in 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 during the period. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $28,000. Private Ocean LLC lifted its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Chris Bulman Inc purchased a new stake in SPDR Gold Shares in the second quarter worth $29,000. 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 $249.84 on Friday. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71. The company’s fifty day simple moving average is $246.03 and its two-hundred day simple moving average is $230.62.
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).
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