Gainplan LLC Takes $214,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Gainplan LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 885 shares of the exchange traded fund’s stock, valued at approximately $214,000.

Other hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. lifted its stake in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC grew its position in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $245.74 on Tuesday. The firm’s 50 day moving average is $243.87 and its two-hundred day moving average is $237.59. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

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).