Marshall Investment Management LLC Invests $222,000 in SPDR Gold Shares (NYSEARCA:GLD)

Marshall Investment Management LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, Holdings Channel.com reports. The firm purchased 914 shares of the exchange traded fund’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth about $28,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $31,000. PayPay Securities Corp raised its stake in shares of SPDR Gold Shares by 55.3% in the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $270.74 on Friday. The stock’s 50 day simple moving average is $253.00 and its 200 day simple moving average is $245.32. SPDR Gold Shares has a twelve month low of $187.05 and a twelve month 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).