Symmetry Investments LP Acquires Shares of 3,300 SPDR Gold Shares (NYSEARCA:GLD)

Symmetry Investments LP bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,300 shares of the exchange traded fund’s stock, valued at approximately $710,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ballast Inc. lifted its position in SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 45 shares during the period. Burkett Financial Services LLC grew its position in SPDR Gold Shares by 9.9% in the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after buying an additional 46 shares during the last quarter. CCG Wealth Management LLC raised its position in SPDR Gold Shares by 1.2% during the 2nd quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock worth $860,000 after buying an additional 46 shares during the last quarter. Apollon Financial LLC lifted its stake in shares of SPDR Gold Shares by 1.7% in the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 47 shares during the period. Finally, KG&L Capital Management LLC increased its stake in shares of SPDR Gold Shares by 2.2% during the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after acquiring an additional 48 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $242.21 on Friday. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $242.63. The company has a 50-day moving average price of $228.91 and a 200 day moving average price of $218.86.

SPDR Gold Shares Company 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).