Hobart Private Capital LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Hobart Private Capital LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,825 shares of the exchange traded fund’s stock, valued at approximately $1,410,000.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the third quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares during the third quarter worth about $38,000. Keystone Financial Group Inc. bought a new stake in SPDR Gold Shares during the fourth quarter worth about $39,000. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the third quarter worth about $40,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.2 %

Shares of GLD stock opened at $263.90 on Friday. The business has a 50-day moving average price of $248.30 and a two-hundred day moving average price of $241.93. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $266.35.

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).