Transcendent Capital Group LLC Purchases Shares of 34,517 SPDR Gold Shares (NYSEARCA:GLD)

Transcendent Capital Group LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,517 shares of the exchange traded fund’s stock, valued at approximately $6,599,000. SPDR Gold Shares accounts for about 4.4% of Transcendent Capital Group LLC’s portfolio, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. Compass Ion Advisors LLC boosted its holdings in SPDR Gold Shares by 0.7% in the fourth 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 last quarter. Capital Market Strategies LLC boosted its stake in shares of SPDR Gold Shares by 4.6% in the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock valued at $238,000 after purchasing an additional 55 shares during the last quarter. JB Capital LLC increased its position in shares of SPDR Gold Shares by 2.4% during the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after buying an additional 55 shares during the period. Sandy Spring Bank raised its stake in SPDR Gold Shares by 4.0% during the fourth quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 56 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its holdings in SPDR Gold Shares by 12.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 527 shares of the exchange traded fund’s stock valued at $101,000 after buying an additional 60 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD traded up $2.76 during 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 stock’s 50-day moving average is $216.97 and its 200 day moving average is $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).