Narus Financial Partners LLC Purchases 2,134 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Narus Financial Partners LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,367 shares of the exchange traded fund’s stock after acquiring an additional 2,134 shares during the period. SPDR Gold Shares accounts for 1.8% of Narus Financial Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Narus Financial Partners LLC’s holdings in SPDR Gold Shares were worth $5,416,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares during the third quarter worth $28,000. Capital Performance Advisors LLP bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $38,000. Sugarloaf Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new stake in SPDR Gold Shares during the third quarter worth about $40,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $258.05 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $258.29. The stock’s 50 day simple moving average is $245.98 and its 200-day simple moving average is $240.26.

SPDR Gold Shares Company 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).