SPDR Gold Shares (NYSEARCA:GLD) Shares Bought by Ridgewood Investments LLC

Ridgewood Investments LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 974 shares of the exchange traded fund’s stock after buying an additional 139 shares during the period. Ridgewood Investments LLC’s holdings in SPDR Gold Shares were worth $236,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GLD. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the third quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD traded up $3.04 during trading on Friday, reaching $248.90. The company’s stock had a trading volume of 6,770,860 shares, compared to its average volume of 5,422,837. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company’s fifty day moving average price is $244.10 and its 200-day moving average price is $236.81.

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).