Grove Bank & Trust Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Grove Bank & Trust bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,887 shares of the exchange traded fund’s stock, valued at approximately $4,105,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares in the second quarter worth approximately $25,000. Semmax Financial Advisors Inc. boosted its holdings in 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 buying an additional 48 shares during the period. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth $26,000. Private Ocean LLC raised its holdings 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 valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Security National Bank purchased a new position in shares of SPDR Gold Shares in the first quarter valued at about $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded down $1.00 during mid-day trading on Monday, reaching $244.47. The company’s stock had a trading volume of 2,289,854 shares, compared to its average volume of 6,994,049. The stock has a fifty day moving average of $235.20 and a two-hundred day moving average of $223.75. SPDR Gold Shares has a 52 week low of $177.54 and a 52 week high of $247.37.

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).