Peak Financial Management Inc. Purchases Shares of 942 SPDR Gold Shares (NYSEARCA:GLD)

Peak Financial Management Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 942 shares of the exchange traded fund’s stock, valued at approximately $229,000.

Several other hedge funds also recently made changes to their positions in GLD. Chicago Partners Investment Group LLC grew its holdings in shares of SPDR Gold Shares by 6.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,826 shares of the exchange traded fund’s stock worth $340,000 after purchasing an additional 117 shares during the last quarter. Scarborough Advisors LLC grew its holdings in shares of SPDR Gold Shares by 0.7% during the fourth quarter. Scarborough Advisors LLC now owns 26,197 shares of the exchange traded fund’s stock worth $5,008,000 after buying an additional 180 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of SPDR Gold Shares by 8.5% during the fourth quarter. Wellington Management Group LLP now owns 221,938 shares of the exchange traded fund’s stock worth $42,428,000 after buying an additional 17,428 shares during the last quarter. Park National Corp OH grew its holdings in shares of SPDR Gold Shares by 104.4% during the first quarter. Park National Corp OH now owns 6,010 shares of the exchange traded fund’s stock worth $1,236,000 after buying an additional 3,070 shares during the last quarter. Finally, Trust Co. of Toledo NA OH grew its holdings in shares of SPDR Gold Shares by 17.4% during the first quarter. Trust Co. of Toledo NA OH now owns 4,830 shares of the exchange traded fund’s stock worth $994,000 after buying an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD traded up $0.85 during midday trading on Tuesday, reaching $245.92. 5,392,989 shares of the company were exchanged, compared to its average volume of 6,994,209. SPDR Gold Shares has a 1 year low of $177.54 and a 1 year high of $247.37. The stock has a fifty day simple moving average of $235.65 and a 200 day simple moving average of $224.02.

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).