Harvey Capital Management Inc. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,300 shares of the exchange traded fund’s stock after acquiring an additional 250 shares during the period. Harvey Capital Management Inc.’s holdings in SPDR Gold Shares were worth $315,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $38,000. Keystone Financial Group Inc. acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $39,000. Finally, Maryland Capital Advisors Inc. bought a new position in SPDR Gold Shares during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Down 0.4 %
Shares of NYSEARCA GLD opened at $267.39 on Wednesday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $268.66. The business has a fifty day moving average price of $249.27 and a two-hundred day moving average price of $242.89.
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).
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