SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Gruss & Co. LLC

Gruss & Co. LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 52.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,000 shares of the exchange traded fund’s stock after purchasing an additional 4,500 shares during the period. SPDR Gold Shares makes up 24.9% of Gruss & Co. LLC’s holdings, making the stock its biggest holding. Gruss & Co. LLC’s holdings in SPDR Gold Shares were worth $3,160,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GLD. Ironwood Financial llc acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $267,000. Hengehold Capital Management LLC grew its position in shares of SPDR Gold Shares by 190.5% in the 3rd quarter. Hengehold Capital Management LLC now owns 3,893 shares of the exchange traded fund’s stock valued at $946,000 after buying an additional 2,553 shares during the last quarter. Tamar Securities LLC grew its position in shares of SPDR Gold Shares by 0.7% in the 3rd quarter. Tamar Securities LLC now owns 18,153 shares of the exchange traded fund’s stock valued at $4,412,000 after buying an additional 120 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of SPDR Gold Shares by 8.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 8,297 shares of the exchange traded fund’s stock valued at $2,017,000 after buying an additional 641 shares during the last quarter. Finally, Alliance Wealth Advisors LLC grew its position in shares of SPDR Gold Shares by 1.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 15,629 shares of the exchange traded fund’s stock valued at $3,799,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

Shares of NYSEARCA GLD traded up $0.94 during mid-day trading on Thursday, reaching $248.09. The company had a trading volume of 416,926 shares, compared to its average volume of 6,954,946. The firm has a 50 day simple moving average of $236.69 and a two-hundred day simple moving average of $224.47. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $248.12.

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).