22,569 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,569 shares of the exchange traded fund’s stock, valued at approximately $5,465,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares during the third quarter worth $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter worth about $38,000. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter valued at about $39,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $268.37 on Tuesday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $268.66. The business has a 50 day simple moving average of $248.30 and a 200-day simple moving average of $242.21.

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).