Sugar Maple Asset Management LLC Has $9.29 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Sugar Maple Asset Management LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 33.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,215 shares of the exchange traded fund’s stock after purchasing an additional 9,621 shares during the quarter. SPDR Gold Shares accounts for 8.1% of Sugar Maple Asset Management LLC’s portfolio, making the stock its 4th largest position. Sugar Maple Asset Management LLC’s holdings in SPDR Gold Shares were worth $9,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. raised its holdings 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 worth $25,000 after buying an additional 48 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $28,000. Private Ocean LLC boosted its stake in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Finally, Chris Bulman Inc bought a new position in SPDR Gold Shares during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $236.59 on Friday. The business’s 50-day moving average price is $244.95 and its two-hundred day moving average price is $229.53. SPDR Gold Shares has a 1 year low of $182.23 and a 1 year 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).