Ardent Capital Management Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 40.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,400 shares of the exchange traded fund’s stock after purchasing an additional 400 shares during the period. Ardent Capital Management Inc.’s holdings in SPDR Gold Shares were worth $339,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $28,000. Roxbury Financial LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $31,000. PayPay Securities Corp increased its position in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $35,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $38,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.1 %
Shares of NYSEARCA:GLD opened at $270.99 on Friday. SPDR Gold Shares has a fifty-two week low of $187.05 and a fifty-two week high of $271.84. The firm has a 50-day simple moving average of $252.48 and a 200 day simple moving average of $244.82.
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).
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