Greenleaf Trust raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 29.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,361 shares of the exchange traded fund’s stock after purchasing an additional 985 shares during the period. Greenleaf Trust’s holdings in SPDR Gold Shares were worth $1,060,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Semmax Financial Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 48 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares in the 2nd quarter valued at about $25,000. Private Ocean LLC boosted its position in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at $29,000. Finally, Sugarloaf Wealth Management LLC grew its holdings 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 valued at $39,000 after buying an additional 71 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
GLD stock opened at $252.76 on Friday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $253.94. The business has a fifty day simple moving average of $239.18 and a 200-day simple moving average of $225.85.
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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