LRI Investments LLC Takes $349,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

LRI Investments LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,615 shares of the exchange traded fund’s stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the first quarter worth $26,000. First Personal Financial Services acquired a new position in SPDR Gold Shares during the fourth quarter worth $25,000. Frazier Financial Advisors LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth $26,000. Security National Bank acquired a new position in SPDR Gold Shares during the first quarter worth $28,000. Finally, Gold Investment Management Ltd. acquired a new position in SPDR Gold Shares during the fourth quarter worth $27,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock traded up $2.30 during mid-day trading on Friday, hitting $220.63. 6,328,784 shares of the company were exchanged, compared to its average volume of 5,969,142. The business has a fifty day moving average of $218.18 and a 200 day moving average of $207.24. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $229.65.

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).