Procyon Advisors LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Get Rating) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,087 shares of the exchange traded fund’s stock after buying an additional 498 shares during the quarter. Procyon Advisors LLC’s holdings in SPDR Gold Shares were worth $1,202,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at about $24,420,000. Covestor Ltd grew its position in shares of SPDR Gold Shares by 69.4% in the first quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 218 shares during the period. Merit Financial Group LLC grew its position in shares of SPDR Gold Shares by 18.6% in the first quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock valued at $501,000 after purchasing an additional 435 shares during the period. First Western Trust Bank acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at about $256,000. Finally, Prudential Financial Inc. grew its position in shares of SPDR Gold Shares by 32.5% in the first quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after purchasing an additional 9,049 shares during the period. Institutional investors and hedge funds own 37.94% of the company’s stock.
SPDR Gold Shares Trading Down 1.1 %
Shares of NYSEARCA GLD opened at $183.65 on Monday. The company’s 50-day simple moving average is $175.55 and its 200-day simple moving average is $166.49. SPDR Gold Shares has a 52-week low of $150.57 and a 52-week high of $186.24.
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).
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