Marshall Investment Management LLC Purchases New Shares in SPDR Gold Shares (NYSEARCA:GLD)

Marshall Investment Management LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 914 shares of the exchange traded fund’s stock, valued at approximately $222,000.

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

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $270.74 on Friday. The stock has a 50-day moving average price of $253.00 and a 200 day moving average price of $245.32. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.84.

SPDR Gold Shares 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).