SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Sterling Investment Management LLC

Sterling Investment Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,580 shares of the exchange traded fund’s stock after buying an additional 3,467 shares during the quarter. SPDR Gold Shares makes up about 7.0% of Sterling Investment Management LLC’s holdings, making the stock its 2nd biggest position. Sterling Investment Management LLC’s holdings in SPDR Gold Shares were worth $8,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Dakota Wealth Management raised its holdings in shares of SPDR Gold Shares by 1.4% during the 4th quarter. Dakota Wealth Management now owns 23,339 shares of the exchange traded fund’s stock valued at $5,651,000 after purchasing an additional 315 shares in the last quarter. XML Financial LLC raised its holdings in shares of SPDR Gold Shares by 6.1% during the 4th quarter. XML Financial LLC now owns 43,072 shares of the exchange traded fund’s stock valued at $10,429,000 after purchasing an additional 2,495 shares in the last quarter. Genesis Private Wealth LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $6,544,000. Beaumont Financial Advisors LLC raised its holdings in shares of SPDR Gold Shares by 20.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,640 shares of the exchange traded fund’s stock valued at $639,000 after purchasing an additional 440 shares in the last quarter. Finally, Octavia Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares by 12.7% during the 4th quarter. Octavia Wealth Advisors LLC now owns 2,318 shares of the exchange traded fund’s stock valued at $561,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $253.13 on Wednesday. The firm’s fifty day simple moving average is $243.99 and its 200-day simple moving average is $238.73. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.

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).