SPDR Gold Shares (NYSEARCA:GLD) Reaches New 1-Year High at $218.55

SPDR Gold Shares (NYSEARCA:GLD)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $218.55 and last traded at $217.92, with a volume of 1857145 shares changing hands. The stock had previously closed at $216.48.

SPDR Gold Shares Stock Down 0.9 %

The firm has a fifty day simple moving average of $197.16 and a 200 day simple moving average of $188.69.

Institutional Investors Weigh In On SPDR Gold Shares

Several large investors have recently modified their holdings of the stock. Marshall & Sullivan Inc. WA bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $206,000. Aprio Wealth Management LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $1,282,000. Park Avenue Securities LLC grew its position in SPDR Gold Shares by 11.0% during the 1st quarter. Park Avenue Securities LLC now owns 42,948 shares of the exchange traded fund’s stock worth $8,835,000 after acquiring an additional 4,245 shares during the last quarter. Legacy Financial Group LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $253,000. Finally, American National Bank boosted its position in SPDR Gold Shares by 50.0% in the 1st quarter. American National Bank now owns 150 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 50 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

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).