Birch Capital Management LLC Invests $130,000 in SPDR Gold Shares (NYSEARCA:GLD)

Birch Capital Management LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 535 shares of the exchange traded fund’s stock, valued at approximately $130,000.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares during the period. Envestnet Asset Management Inc. grew its holdings in SPDR Gold Shares by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after purchasing an additional 28,683 shares during the period. Stifel Financial Corp raised its stake in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares during the period. State Street Corp grew its stake in shares of SPDR Gold Shares by 6.6% during the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after acquiring an additional 47,507 shares during the period. Finally, Arizona PSPRS Trust purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $157,187,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded up $1.18 on Tuesday, reaching $244.37. The company’s stock had a trading volume of 3,784,932 shares, compared to its average volume of 4,598,562. The company has a 50-day simple moving average of $244.72 and a 200 day simple moving average of $236.48. 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).