Northstar Advisory Group LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,403 shares of the exchange traded fund’s stock, valued at approximately $268,000.
Other hedge funds have also recently made changes to their positions in the company. First National Corp MA ADV lifted its stake in shares of SPDR Gold Shares by 23.4% in the fourth quarter. First National Corp MA ADV now owns 45,840 shares of the exchange traded fund’s stock worth $8,763,000 after acquiring an additional 8,694 shares during the period. ACT Wealth Management LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $17,918,000. Planned Solutions Inc. bought a new stake in SPDR Gold Shares during the fourth quarter worth $65,000. Courier Capital LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth $253,000. Finally, IFG Advisory LLC boosted its position in SPDR Gold Shares by 125.2% in the fourth quarter. IFG Advisory LLC now owns 22,755 shares of the exchange traded fund’s stock worth $4,350,000 after purchasing an additional 12,650 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Up 0.6 %
Shares of NYSEARCA GLD opened at $204.25 on Thursday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $204.57. The business’s fifty day moving average price is $191.96 and its 200-day moving average price is $186.22.
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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