SPDR Gold Shares (NYSEARCA:GLD) Reaches New 52-Week High at $235.74

Posted by Stacy Sanders on Sep 14th, 2024

Shares of SPDR Gold Shares (NYSEARCA:GLD – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $235.74 and last traded at $235.21, with a volume of 2080383 shares changing hands. The stock had previously closed at $232.25.

SPDR Gold Shares Trading Up 1.0 %

The business’s 50-day simple moving average is $227.10 and its two-hundred day simple moving average is $217.20.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GLD. Ballast Inc. increased its holdings in SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of SPDR Gold Shares by 2.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after acquiring an additional 45 shares during the period. Burkett Financial Services LLC lifted its position in shares of SPDR Gold Shares by 9.9% during the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after acquiring an additional 46 shares during the period. CCG Wealth Management LLC boosted its stake in SPDR Gold Shares by 1.2% during the second quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock worth $860,000 after acquiring an additional 46 shares in the last quarter. Finally, Apollon Financial LLC grew its holdings in SPDR Gold Shares by 1.7% in the second quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after purchasing an additional 47 shares during the period. 42.19% of the stock is owned by institutional investors.

About SPDR Gold Shares

(Get Free Report)

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).