CX Institutional Purchases Shares of 1,290 SPDR Gold Shares (NYSEARCA:GLD)

CX Institutional acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,290 shares of the exchange traded fund’s stock, valued at approximately $312,000.

Several other large investors have also modified their holdings of GLD. Encompass More Asset Management acquired a new position in SPDR Gold Shares in the fourth quarter valued at $1,114,000. Impact Partnership Wealth LLC boosted its position in shares of SPDR Gold Shares by 12.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 48,415 shares of the exchange traded fund’s stock valued at $11,723,000 after purchasing an additional 5,550 shares during the period. LexAurum Advisors LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth approximately $396,000. Private Capital Advisors Inc. acquired a new position in SPDR Gold Shares during the fourth quarter worth approximately $242,000. Finally, MFA Wealth Services purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $242,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $255.65 on Monday. The company’s 50 day simple moving average is $245.31 and its 200-day simple moving average is $239.58. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month 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).