Flow Traders U.S. LLC Invests $1.85 Million in SPDR Gold Shares (NYSEARCA:GLD)

Flow Traders U.S. LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 7,623 shares of the exchange traded fund’s stock, valued at approximately $1,853,000.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD purchased a new position in shares of SPDR Gold Shares in the first quarter valued at $309,000. Burney Co. bought a new position in SPDR Gold Shares in the 1st quarter worth about $205,000. Massmutual Trust Co. FSB ADV grew its holdings in SPDR Gold Shares by 202.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,088 shares of the exchange traded fund’s stock valued at $664,000 after buying an additional 2,068 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR Gold Shares during the second quarter valued at about $45,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 72.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 19,334 shares of the exchange traded fund’s stock worth $4,157,000 after buying an additional 8,131 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $245.59 on Monday. The firm has a 50 day moving average of $246.53 and a 200-day moving average of $231.64. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month high of $257.71.

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).