Harvey Capital Management Inc. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 23.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300 shares of the exchange traded fund’s stock after purchasing an additional 250 shares during the period. Harvey Capital Management Inc.’s holdings in SPDR Gold Shares were worth $315,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $38,000. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $39,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter worth $40,000. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Price Performance
NYSEARCA GLD opened at $267.39 on Wednesday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $268.66. The business’s fifty day moving average is $249.27 and its 200 day moving average is $242.89.
About SPDR Gold Shares
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).
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