Tandem Financial LLC Invests $2.49 Million in SPDR Gold Shares (NYSEARCA:GLD)

Tandem Financial LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,286 shares of the exchange traded fund’s stock, valued at approximately $2,491,000. SPDR Gold Shares makes up approximately 2.7% of Tandem Financial LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. RDA Financial Network lifted its stake in SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 88 shares in the last quarter. Advance Capital Management Inc. raised its stake in SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 316 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $564,000. Beaird Harris Wealth Management LLC raised its position in SPDR Gold Shares by 25.4% during the third quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 416 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter worth about $46,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $263.43 on Friday. The company has a 50 day simple moving average of $247.54 and a 200-day simple moving average of $241.49. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $265.99.

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).