Blue Trust Inc. Raises Stake in SPDR Gold Shares (NYSEARCA:GLD)

Blue Trust Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 19.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 27,214 shares of the exchange traded fund’s stock after buying an additional 4,358 shares during the quarter. Blue Trust Inc.’s holdings in SPDR Gold Shares were worth $6,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the third quarter valued at about $28,000. PayPay Securities Corp lifted its holdings in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the third quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter valued at about $38,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at about $39,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.5 %

Shares of GLD opened at $266.29 on Friday. The business’s 50-day moving average price is $250.28 and its 200-day moving average price is $243.26. SPDR Gold Shares has a twelve month low of $184.84 and a twelve month high of $270.39.

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).