Courier Capital LLC Buys Shares of 1,323 SPDR Gold Shares (NYSEARCA:GLD)

Courier Capital LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,323 shares of the exchange traded fund’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Syon Capital LLC acquired a new position in SPDR Gold Shares during the 3rd quarter valued at about $6,972,000. Doliver Advisors LP boosted its stake in SPDR Gold Shares by 17.3% during the 3rd quarter. Doliver Advisors LP now owns 3,378 shares of the exchange traded fund’s stock valued at $579,000 after purchasing an additional 498 shares during the period. Raymond James & Associates lifted its stake in shares of SPDR Gold Shares by 0.5% in the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after acquiring an additional 4,242 shares during the period. Source Financial Advisors LLC lifted its stake in shares of SPDR Gold Shares by 1.6% in the 4th quarter. Source Financial Advisors LLC now owns 10,831 shares of the exchange traded fund’s stock worth $2,071,000 after acquiring an additional 168 shares during the period. Finally, Willis Johnson & Associates Inc. lifted its stake in shares of SPDR Gold Shares by 38.7% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,111 shares of the exchange traded fund’s stock worth $404,000 after acquiring an additional 589 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.7 %

Shares of NYSEARCA:GLD opened at $203.10 on Thursday. The company has a 50 day moving average of $191.96 and a 200-day moving average of $186.22. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $203.92.

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).