MGO One Seven LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,754 shares of the exchange traded fund’s stock after purchasing an additional 2,555 shares during the period. MGO One Seven LLC’s holdings in SPDR Gold Shares were worth $6,070,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth about $26,000. Gold Investment Management Ltd. acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $27,000. Private Ocean LLC grew its stake in shares of SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Finally, Naples Money Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter worth approximately $31,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Price Performance
GLD traded up $1.94 during midday trading on Monday, hitting $213.54. 4,179,591 shares of the company’s stock traded hands, compared to its average volume of 7,574,430. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.66. The stock’s fifty day simple moving average is $216.82 and its 200-day simple moving average is $200.21.
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).
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