Bridgewater Advisors Inc. Purchases 114 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Bridgewater Advisors Inc. grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,022 shares of the exchange traded fund’s stock after purchasing an additional 114 shares during the period. Bridgewater Advisors Inc.’s holdings in SPDR Gold Shares were worth $3,079,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $25,000. Semmax Financial Advisors Inc. boosted its position in SPDR Gold Shares by 78.7% during the 2nd 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 period. Private Ocean LLC raised its stake in shares of 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 last quarter. Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares during the second quarter worth about $29,000. Finally, EdgeRock Capital LLC bought a new stake in shares of SPDR Gold Shares in the second quarter worth about $37,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $245.72 on Thursday. The company’s fifty day moving average price is $243.51 and its 200-day moving average price is $228.24. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71.

About SPDR Gold Shares

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).