Northwest Investment Counselors LLC Makes New $26,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 125 shares of the exchange traded fund’s stock, valued at approximately $26,000.

Several other institutional investors also recently added to or reduced their stakes in GLD. City Holding Co. increased its position in shares of SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares during the period. Compton Wealth Advisory Group LLC bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $272,000. International Assets Investment Management LLC increased its position in shares of SPDR Gold Shares by 2.6% during the first quarter. International Assets Investment Management LLC now owns 13,075 shares of the exchange traded fund’s stock valued at $2,717,000 after purchasing an additional 327 shares during the period. &PARTNERS increased its position in shares of SPDR Gold Shares by 163.6% during the first quarter. &PARTNERS now owns 21,449 shares of the exchange traded fund’s stock valued at $4,412,000 after purchasing an additional 13,313 shares during the period. Finally, Clarus Wealth Advisors bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $1,642,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.4 %

Shares of NYSEARCA:GLD opened at $215.63 on Tuesday. The business’s fifty day moving average price is $216.70 and its two-hundred day moving average price is $202.11. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66.

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).