SPDR Gold Shares (NYSEARCA:GLD) Stock Position Increased by Cassia Capital Partners LLC

Cassia Capital Partners LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,163 shares of the exchange traded fund’s stock after purchasing an additional 3,733 shares during the period. SPDR Gold Shares makes up 6.0% of Cassia Capital Partners LLC’s investment portfolio, making the stock its 5th largest holding. Cassia Capital Partners LLC’s holdings in SPDR Gold Shares were worth $9,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the third quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC raised its holdings 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 worth $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new position in SPDR Gold Shares in the 3rd quarter worth $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $262.50 on Wednesday. The stock has a 50-day simple moving average of $246.73 and a two-hundred day simple moving average of $241.04. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $262.54.

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).