Northwest Investment Counselors LLC Purchases New Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 417 shares of the exchange traded fund’s stock, valued at approximately $101,000.

Several other large investors also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at $25,000. Semmax Financial Advisors Inc. boosted its position 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 worth $25,000 after acquiring an additional 48 shares during the period. Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% during the 2nd 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. Security National Bank purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $28,000. Finally, Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $29,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $251.23 on Tuesday. The firm has a 50 day simple moving average of $238.17 and a 200 day simple moving average of $225.40. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $253.14.

SPDR Gold Shares 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).