Horizon Wealth Management LLC Invests $12.38 Million in SPDR Gold Shares (NYSEARCA:GLD)

Horizon Wealth Management LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, HoldingsChannel.com reports. The firm bought 51,126 shares of the exchange traded fund’s stock, valued at approximately $12,379,000. SPDR Gold Shares makes up 2.2% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 1.0 %

Shares of GLD stock traded down $2.47 during trading hours on Monday, reaching $245.74. The company had a trading volume of 8,431,076 shares, compared to its average volume of 6,725,431. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The business has a fifty day simple moving average of $244.01 and a 200-day simple moving average of $237.37.

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).