GFG Capital LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

GFG Capital LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,458 shares of the exchange traded fund’s stock after buying an additional 842 shares during the period. GFG Capital LLC’s holdings in SPDR Gold Shares were worth $1,084,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLD. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% during the second 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 bought a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $26,000. Private Ocean LLC increased its stake in shares of SPDR Gold Shares by 155.1% during the second 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 in the last quarter. Finally, Chris Bulman Inc bought a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.0 %

Shares of NYSEARCA GLD opened at $251.23 on Tuesday. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.14. The company has a 50 day simple moving average of $238.17 and a two-hundred day simple moving average of $225.40.

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).