Darwin Wealth Management LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Darwin Wealth Management LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel reports. The fund acquired 19,012 shares of the exchange traded fund’s stock, valued at approximately $3,635,000.

Several other large investors also recently added to or reduced their stakes in the stock. Compass Ion Advisors LLC increased its holdings in SPDR Gold Shares by 0.7% during the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock worth $1,589,000 after purchasing an additional 54 shares during the period. Capital Market Strategies LLC lifted its position in SPDR Gold Shares by 4.6% during the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 55 shares during the period. JB Capital LLC lifted its position in SPDR Gold Shares by 2.4% during the 4th quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after acquiring an additional 55 shares during the period. Financial Sense Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 2.0% in the 3rd quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock valued at $496,000 after buying an additional 56 shares during the period. Finally, Sandy Spring Bank lifted its holdings in shares of SPDR Gold Shares by 4.0% in the 4th quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 56 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD traded up $1.70 during mid-day trading on Friday, hitting $218.65. The stock had a trading volume of 2,474,494 shares, compared to its average volume of 7,829,388. The company has a 50 day simple moving average of $208.74 and a 200 day simple moving average of $194.52. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09.

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).