Blue Trust Inc. Buys 5,919 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Blue Trust Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,775 shares of the exchange traded fund’s stock after acquiring an additional 5,919 shares during the period. Blue Trust Inc.’s holdings in SPDR Gold Shares were worth $6,994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $255.65 on Monday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The stock’s 50 day moving average price is $245.31 and its 200-day moving average price is $239.58.

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).