Larson Financial Group LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 220.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 23,425 shares of the exchange traded fund’s stock after acquiring an additional 16,108 shares during the quarter. Larson Financial Group LLC’s holdings in SPDR Gold Shares were worth $5,694,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in GLD. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares during the second quarter worth $25,000. Semmax Financial Advisors Inc. raised its position in shares of SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC lifted its stake in shares of SPDR Gold Shares by 155.1% during the 2nd 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. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Finally, Chris Bulman Inc bought a new stake in SPDR Gold Shares during the second quarter valued at about $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of GLD opened at $249.84 on Friday. The company has a 50 day moving average of $246.03 and a two-hundred day moving average of $230.62. SPDR Gold Shares has a twelve month low of $183.15 and a twelve month high of $257.71.
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).
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