Granite FO LLC Acquires Shares of 2,800 SPDR Gold Shares (NYSEARCA:GLD)

Granite FO LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,800 shares of the exchange traded fund’s stock, valued at approximately $602,000. SPDR Gold Shares comprises about 0.4% of Granite FO LLC’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares during the second quarter worth about $25,000. Semmax Financial Advisors Inc. lifted its position 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 worth $25,000 after buying an additional 48 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $26,000. Private Ocean LLC grew its holdings in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Finally, Security National Bank bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.8 %

Shares of SPDR Gold Shares stock opened at $245.02 on Friday. The business’s fifty day simple moving average is $230.90 and its 200 day simple moving average is $220.58. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $247.37.

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).