Hapanowicz & Associates Financial Services Inc Invests $216,000 in SPDR Gold Shares (NYSEARCA:GLD)

Hapanowicz & Associates Financial Services Inc acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,131 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Several other institutional investors have also recently made changes to their positions in the business. First Personal Financial Services bought a new stake in SPDR Gold Shares during the 4th quarter worth approximately $25,000. Johnson Midwest Financial LLC raised its stake in SPDR Gold Shares by 350.0% during the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 140 shares during the period. Private Ocean LLC raised its stake in SPDR Gold Shares by 232.7% during the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 114 shares during the period. First Command Advisory Services Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $34,000. Finally, Worth Asset Management LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $36,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD traded up $0.75 on Thursday, reaching $220.34. 6,486,733 shares of the stock were exchanged, compared to its average volume of 7,881,406. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.09. The company’s 50-day simple moving average is $200.25 and its two-hundred day simple moving average is $190.27.

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).