Objective Capital Management LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Objective Capital Management LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 906 shares of the exchange traded fund’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares during the 2nd quarter worth approximately $25,000. Semmax Financial Advisors Inc. raised its position 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 valued at $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC lifted its stake in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Chris Bulman Inc acquired a new position in SPDR Gold Shares in the second quarter worth $29,000. Finally, Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the third quarter valued at $35,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $247.96 on Friday. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71. The company’s fifty day moving average is $244.18 and its two-hundred day moving average is $228.61.

SPDR Gold Shares 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).