Murchinson Ltd. Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Murchinson Ltd. purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, HoldingsChannel reports. The institutional investor purchased 100,000 shares of the exchange traded fund’s stock, valued at approximately $21,501,000. SPDR Gold Shares accounts for 3.3% of Murchinson Ltd.’s investment portfolio, making the stock its 7th biggest position.

Other large investors also recently made changes to their positions in the company. Ballast Inc. raised its holdings 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 buying an additional 45 shares during the period. Burkett Financial Services LLC raised its holdings in SPDR Gold Shares by 9.9% during the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock worth $110,000 after buying an additional 46 shares during the period. CCG Wealth Management LLC raised its holdings 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 period. Apollon Financial LLC raised its holdings in SPDR Gold Shares by 1.7% during the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after buying an additional 47 shares during the period. Finally, KG&L Capital Management LLC raised its holdings in SPDR Gold Shares by 2.2% during the 1st quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.8 %

Shares of GLD opened at $245.02 on Friday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $247.37. The business’s 50-day moving average is $230.90 and its 200-day moving average is $220.58.

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).