Pineridge Advisors LLC Acquires New Position in SPDR Gold Shares (NYSEARCA:GLD)

Pineridge Advisors LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 628 shares of the exchange traded fund’s stock, valued at approximately $120,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Compass Ion Advisors LLC raised its stake in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after acquiring an additional 54 shares during the period. Capital Market Strategies LLC boosted its position in shares of SPDR Gold Shares by 4.6% during the fourth quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 55 shares during the period. JB Capital LLC grew its stake in shares of SPDR Gold Shares by 2.4% in the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock valued at $455,000 after buying an additional 55 shares in the last quarter. Sandy Spring Bank raised 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. Finally, Salem Investment Counselors Inc. lifted its stake in SPDR Gold Shares by 12.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 527 shares of the exchange traded fund’s stock worth $101,000 after acquiring an additional 60 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock traded up $2.76 during midday trading on Friday, reaching $215.73. 7,076,496 shares of the stock traded hands, compared to its average volume of 5,722,442. The company has a 50-day simple moving average of $216.97 and a two-hundred day simple moving average of $200.89. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66.

SPDR Gold Shares 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).