Thompson Davis & CO. Inc. Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Thompson Davis & CO. Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel reports. The firm acquired 2,402 shares of the exchange traded fund’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in SPDR Gold Shares during the 4th quarter worth about $25,000. Johnson Midwest Financial LLC grew its holdings in SPDR Gold Shares by 350.0% in the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares during the period. Private Ocean LLC grew its holdings in SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares during the period. Naples Money Management LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at about $31,000. Finally, GAMMA Investing LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.9 %

GLD traded down $4.18 during midday trading on Tuesday, hitting $212.00. The company’s stock had a trading volume of 11,212,974 shares, compared to its average volume of 7,953,873. The firm has a 50-day moving average price of $205.64 and a two-hundred day moving average price of $193.22. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09.

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).