Mezzasalma Advisors LLC Makes New $720,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Mezzasalma Advisors LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,975 shares of the exchange traded fund’s stock, valued at approximately $720,000.

A number of other hedge funds have also recently modified their holdings of the stock. Joel Isaacson & Co. LLC increased its position in SPDR Gold Shares by 2.0% during the fourth quarter. Joel Isaacson & Co. LLC now owns 18,724 shares of the exchange traded fund’s stock worth $4,534,000 after buying an additional 362 shares during the period. Shepherd Financial Partners LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at $245,000. BLB&B Advisors LLC boosted its stake in SPDR Gold Shares by 5.7% during the 4th quarter. BLB&B Advisors LLC now owns 2,507 shares of the exchange traded fund’s stock worth $607,000 after purchasing an additional 135 shares during the period. Landmark Wealth Management Inc. grew its position in SPDR Gold Shares by 4.0% during the 4th quarter. Landmark Wealth Management Inc. now owns 10,524 shares of the exchange traded fund’s stock worth $2,548,000 after purchasing an additional 408 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at $3,188,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2 %

Shares of GLD opened at $263.90 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $266.35. The firm has a 50-day simple moving average of $247.93 and a 200-day simple moving average of $241.64.

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).