JB Capital LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,702 shares of the exchange traded fund’s stock after acquiring an additional 243 shares during the quarter. JB Capital LLC’s holdings in SPDR Gold Shares were worth $654,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $40,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
GLD stock opened at $258.56 on Monday. The stock’s fifty day simple moving average is $246.38 and its 200-day simple moving average is $240.71. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $259.99.
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).
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