Running Point Capital Advisors LLC Acquires 192 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Running Point Capital Advisors LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,362 shares of the exchange traded fund’s stock after purchasing an additional 192 shares during the period. Running Point Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $574,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Semmax Financial Advisors Inc. grew its position in SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares during the 3rd quarter worth $28,000. Private Ocean LLC grew its position in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Finally, Chris Bulman Inc bought a new stake in SPDR Gold Shares in the second quarter valued at approximately $29,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $244.62 on Thursday. The company’s fifty day simple moving average is $245.60 and its 200 day simple moving average is $230.15. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

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).