Advyzon Investment Management LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Advyzon Investment Management LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 931 shares of the exchange traded fund’s stock, valued at approximately $225,000.

Several other hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its position in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the period. Stifel Financial Corp boosted its stake in shares of SPDR Gold Shares by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after buying an additional 100,149 shares during the last quarter. State Street Corp grew its holdings in shares of SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after acquiring an additional 47,507 shares during the period. US Bancorp DE increased its position in SPDR Gold Shares by 0.5% during the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after acquiring an additional 3,614 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in SPDR Gold Shares by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after acquiring an additional 30,952 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $270.99 on Friday. The stock’s 50-day simple moving average is $252.48 and its two-hundred day simple moving average is $244.82. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.84.

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).