Quest Partners LLC Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Quest Partners LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,000 shares of the exchange traded fund’s stock, valued at approximately $1,215,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ameritas Investment Partners Inc. increased its stake in SPDR Gold Shares by 19.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 890 shares of the exchange traded fund’s stock worth $183,000 after buying an additional 145 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of SPDR Gold Shares by 15.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,905 shares of the exchange traded fund’s stock worth $803,000 after purchasing an additional 513 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of SPDR Gold Shares by 44.4% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,960 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 1,217 shares during the last quarter. Evermay Wealth Management LLC increased its position in shares of SPDR Gold Shares by 67.7% in the 1st quarter. Evermay Wealth Management LLC now owns 659 shares of the exchange traded fund’s stock worth $136,000 after purchasing an additional 266 shares during the last quarter. Finally, Cadence Bank increased its position in shares of SPDR Gold Shares by 7.2% in the 1st quarter. Cadence Bank now owns 1,491 shares of the exchange traded fund’s stock worth $307,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $243.25 on Wednesday. The company has a 50-day moving average of $245.35 and a 200-day moving average of $230.05. SPDR Gold Shares has a 1-year low of $182.23 and a 1-year high of $257.71.

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).