Ionic Capital Management LLC Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Ionic Capital Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 524.0% in the third quarter, Holdings Channel.com reports. The fund owned 11,918 shares of the exchange traded fund’s stock after buying an additional 10,008 shares during the quarter. SPDR Gold Shares makes up 0.5% of Ionic Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Ionic Capital Management LLC’s holdings in SPDR Gold Shares were worth $2,897,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. increased its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter worth about $28,000. Private Ocean LLC raised its stake in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Chris Bulman Inc purchased a new position in SPDR Gold Shares in the 2nd quarter valued at about $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.9 %

Shares of NYSEARCA GLD opened at $243.44 on Tuesday. The company has a 50-day simple moving average of $246.53 and a 200-day simple moving average of $231.64. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month 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).