Dahring Cusmano LLC Takes $264,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Dahring Cusmano LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,089 shares of the exchange traded fund’s stock, valued at approximately $264,000.

A number of other institutional investors have also added to or reduced their stakes in GLD. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth $31,000. PayPay Securities Corp grew its holdings in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $38,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 0.1 %

Shares of NYSEARCA GLD opened at $270.74 on Friday. SPDR Gold Shares has a 1-year low of $187.05 and a 1-year high of $271.84. The company has a fifty day moving average price of $253.00 and a 200 day moving average price of $245.15.

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).