SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,352 shares of the exchange traded fund’s stock after buying an additional 41 shares during the quarter. Magnus Financial Group LLC’s holdings in SPDR Gold Shares were worth $1,780,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. lifted its position in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. Finally, Sugarloaf Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

SPDR Gold Shares stock opened at $254.01 on Wednesday. The stock’s fifty day simple moving average is $244.25 and its 200-day simple moving average is $238.96. SPDR Gold Shares has a twelve month low of $183.78 and a twelve 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).