Saxony Capital Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,284 shares of the exchange traded fund’s stock after purchasing an additional 90 shares during the quarter. Saxony Capital Management LLC’s holdings in SPDR Gold Shares were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC grew its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $40,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
GLD opened at $258.05 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $258.29. The firm’s fifty day moving average is $246.21 and its 200 day moving average is $240.38.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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