Corundum Group Inc. Purchases 5,689 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Corundum Group Inc. raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 59.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,205 shares of the exchange traded fund’s stock after purchasing an additional 5,689 shares during the quarter. SPDR Gold Shares accounts for about 1.3% of Corundum Group Inc.’s holdings, making the stock its 19th biggest holding. Corundum Group Inc.’s holdings in SPDR Gold Shares were worth $3,269,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of SPDR Gold Shares by 5.1% during the fourth quarter. International Assets Investment Management LLC now owns 12,748 shares of the exchange traded fund’s stock worth $2,437,000 after acquiring an additional 617 shares during the last quarter. Waldron Private Wealth LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth about $335,000. Drake & Associates LLC raised its position in shares of SPDR Gold Shares by 0.4% during the fourth quarter. Drake & Associates LLC now owns 34,061 shares of the exchange traded fund’s stock worth $6,511,000 after acquiring an additional 130 shares during the last quarter. Bison Wealth LLC raised its position in shares of SPDR Gold Shares by 33.8% during the fourth quarter. Bison Wealth LLC now owns 3,618 shares of the exchange traded fund’s stock worth $692,000 after acquiring an additional 913 shares during the last quarter. Finally, Aurora Private Wealth Inc. grew its stake in SPDR Gold Shares by 6.6% during the fourth quarter. Aurora Private Wealth Inc. now owns 2,621 shares of the exchange traded fund’s stock worth $501,000 after purchasing an additional 162 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.3 %

NYSEARCA GLD traded up $0.71 during trading hours on Thursday, hitting $226.91. 5,110,934 shares of the company’s stock were exchanged, compared to its average volume of 7,198,428. The stock has a 50-day simple moving average of $219.98 and a 200 day simple moving average of $210.68. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $229.65.

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).