Sovran Advisors LLC Purchases Shares of 27,048 SPDR Gold Shares (NYSEARCA:GLD)

Sovran Advisors LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,048 shares of the exchange traded fund’s stock, valued at approximately $6,682,000. SPDR Gold Shares makes up about 1.0% of Sovran Advisors LLC’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. abrdn plc increased its position in shares of SPDR Gold Shares by 93.7% during the fourth quarter. abrdn plc now owns 13,994 shares of the exchange traded fund’s stock worth $3,391,000 after purchasing an additional 6,768 shares in the last quarter. Measured Wealth Private Client Group LLC increased its position in shares of SPDR Gold Shares by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock worth $15,659,000 after purchasing an additional 3,356 shares in the last quarter. RDA Financial Network increased its position in shares of SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 88 shares in the last quarter. Advance Capital Management Inc. increased its position in shares of SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares during the third quarter worth about $564,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $268.37 on Tuesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $268.66. The business’s 50-day moving average price is $248.30 and its 200 day moving average price is $242.21.

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).