Private Ocean LLC Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Private Ocean LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 155.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125 shares of the exchange traded fund’s stock after buying an additional 76 shares during the period. Private Ocean LLC’s holdings in SPDR Gold Shares were worth $27,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares in the second quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Security National Bank acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $28,000. Finally, Gold Investment Management Ltd. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $27,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.7 %

Shares of GLD stock traded down $1.66 during trading hours on Friday, hitting $231.29. The company’s stock had a trading volume of 5,742,963 shares, compared to its average volume of 7,122,871. The business has a fifty day moving average of $223.79 and a 200-day moving average of $214.01. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $234.01.

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).