Fifth Third Securities Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 38.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,665 shares of the exchange traded fund’s stock after purchasing an additional 14,228 shares during the period. SPDR Gold Shares comprises 1.1% of Fifth Third Securities Inc.’s investment portfolio, making the stock its 21st biggest position. Fifth Third Securities Inc.’s holdings in SPDR Gold Shares were worth $12,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $38,000. Sugarloaf Wealth Management LLC raised its position in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of NYSEARCA GLD opened at $258.05 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $258.29. The stock’s 50-day simple moving average is $245.98 and its 200-day simple moving average is $240.26.
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).
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