Buffington Mohr McNeal Invests $259,000 in SPDR Gold Shares (NYSEARCA:GLD)

Buffington Mohr McNeal purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,353 shares of the exchange traded fund’s stock, valued at approximately $259,000.

A number of other hedge funds have also recently bought and sold shares of the stock. First Personal Financial Services acquired a new position in SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Johnson Midwest Financial LLC grew its holdings in shares of SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares during the last quarter. Private Ocean LLC increased its position in shares of SPDR Gold Shares by 232.7% during the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. First Command Advisory Services Inc. bought a new position in SPDR Gold Shares during the 3rd quarter valued at about $34,000. Finally, Worth Asset Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at about $36,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock traded up $0.42 during trading hours on Tuesday, hitting $221.37. 7,329,721 shares of the stock were exchanged, compared to its average volume of 7,800,803. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09. The business’s 50-day moving average is $198.98 and its two-hundred day moving average is $189.71.

SPDR Gold Shares Company 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).