AdvisorShares Investments LLC Buys Shares of 6,186 SPDR Gold Shares (NYSEARCA:GLD)

AdvisorShares Investments LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 6,186 shares of the exchange traded fund’s stock, valued at approximately $1,183,000.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth $25,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares in the 4th quarter worth $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares in the 4th quarter worth $27,000. Private Ocean LLC raised its holdings in SPDR Gold Shares by 232.7% in the 4th quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares during the period. Finally, Naples Money Management LLC bought a new position in SPDR Gold Shares in the 4th quarter worth $31,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock traded down $7.83 during trading on Friday, reaching $211.60. The company had a trading volume of 12,195,073 shares, compared to its average volume of 5,705,819. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66. The firm’s 50-day simple moving average is $216.70 and its 200 day simple moving average is $199.80.

About SPDR Gold Shares

(Free Report)

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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