Mezzasalma Advisors LLC Buys Shares of 2,975 SPDR Gold Shares (NYSEARCA:GLD)

Mezzasalma Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,975 shares of the exchange traded fund’s stock, valued at approximately $720,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cypress Wealth Services LLC raised its stake in shares of SPDR Gold Shares by 17.6% in the third quarter. Cypress Wealth Services LLC now owns 1,600 shares of the exchange traded fund’s stock valued at $389,000 after acquiring an additional 239 shares in the last quarter. PPS&V Asset Management Consultants Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter worth about $218,000. Christopher J. Hasenberg Inc boosted its stake in shares of SPDR Gold Shares by 2.6% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 34,623 shares of the exchange traded fund’s stock valued at $8,392,000 after buying an additional 866 shares during the period. Sarasin & Partners LLP grew its position in shares of SPDR Gold Shares by 1.5% during the third quarter. Sarasin & Partners LLP now owns 69,177 shares of the exchange traded fund’s stock worth $16,814,000 after buying an additional 993 shares in the last quarter. Finally, Successful Portfolios LLC increased its stake in shares of SPDR Gold Shares by 8.3% during the third quarter. Successful Portfolios LLC now owns 1,437 shares of the exchange traded fund’s stock worth $349,000 after buying an additional 110 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.2 %

Shares of SPDR Gold Shares stock opened at $263.90 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $266.35. The company has a 50 day moving average of $247.93 and a 200 day moving average of $241.64.

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).