Corundum Group Inc. Buys 5,738 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Corundum Group Inc. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 60.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,170 shares of the exchange traded fund’s stock after buying an additional 5,738 shares during the period. SPDR Gold Shares accounts for 1.4% of Corundum Group Inc.’s portfolio, making the stock its 18th biggest holding. Corundum Group Inc.’s holdings in SPDR Gold Shares were worth $3,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wealth Management Partners LLC lifted its holdings in SPDR Gold Shares by 9.0% during the fourth quarter. Wealth Management Partners LLC now owns 1,804 shares of the exchange traded fund’s stock valued at $437,000 after purchasing an additional 149 shares in the last quarter. Ironwood Financial llc raised its position in shares of SPDR Gold Shares by 8.5% during the 4th quarter. Ironwood Financial llc now owns 1,191 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 93 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in SPDR Gold Shares by 10.0% in the 4th quarter. Diversify Wealth Management LLC now owns 2,770 shares of the exchange traded fund’s stock worth $688,000 after buying an additional 252 shares during the period. Finally, Smart Money Group LLC boosted its holdings in SPDR Gold Shares by 0.7% in the 4th quarter. Smart Money Group LLC now owns 14,433 shares of the exchange traded fund’s stock worth $3,495,000 after buying an additional 99 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $249.27 on Monday. The business’s 50-day simple moving average is $243.85 and its two-hundred day simple moving average is $238.37. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

About SPDR Gold Shares

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).