SPDR Gold Shares (NYSEARCA:GLD) Hits New 1-Year High at $235.74

SPDR Gold Shares (NYSEARCA:GLD)’s stock price hit a new 52-week high on Thursday . The company traded as high as $235.74 and last traded at $235.21, with a volume of 2080383 shares. The stock had previously closed at $232.25.

SPDR Gold Shares Trading Up 1.5 %

The company’s 50-day moving average is $226.38 and its two-hundred day moving average is $216.72.

Institutional Investors Weigh In On SPDR Gold Shares

A number of hedge funds have recently modified their holdings of the stock. Aveo Capital Partners LLC raised its stake in shares of SPDR Gold Shares by 116.1% in the fourth quarter. Aveo Capital Partners LLC now owns 23,077 shares of the exchange traded fund’s stock valued at $4,412,000 after buying an additional 12,396 shares during the period. Gryphon Financial Partners LLC increased its holdings in SPDR Gold Shares by 628.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,352 shares of the exchange traded fund’s stock worth $632,000 after acquiring an additional 2,892 shares during the last quarter. Vise Technologies Inc. bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $391,000. Vanguard Personalized Indexing Management LLC lifted its holdings in SPDR Gold Shares by 23.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,487 shares of the exchange traded fund’s stock valued at $284,000 after purchasing an additional 284 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in SPDR Gold Shares by 40.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 111,430 shares of the exchange traded fund’s stock valued at $21,302,000 after purchasing an additional 32,351 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

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).