Richardson Financial Services Inc. Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Richardson Financial Services Inc. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,243 shares of the exchange traded fund’s stock, valued at approximately $620,000.

A number of other large investors have also recently made changes to their positions in GLD. Fortis Group Advisors LLC increased its holdings in SPDR Gold Shares by 0.5% in the 4th quarter. Fortis Group Advisors LLC now owns 151,659 shares of the exchange traded fund’s stock worth $27,798,000 after buying an additional 698 shares during the period. Vima LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $289,000. Creekmur Asset Management LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $244,000. Transcendent Capital Group LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $6,599,000. Finally, ARK & TLK Investments LLC acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $410,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3 %

SPDR Gold Shares stock traded up $2.76 during mid-day trading on Friday, hitting $215.73. The company had a trading volume of 7,076,496 shares, compared to its average volume of 5,722,442. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66. The company’s fifty day moving average is $216.97 and its 200-day moving average is $200.89.

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).