Destiny Capital Corp CO Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Destiny Capital Corp CO increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,312 shares of the exchange traded fund’s stock after purchasing an additional 75 shares during the period. SPDR Gold Shares accounts for 0.5% of Destiny Capital Corp CO’s portfolio, making the stock its 25th biggest position. Destiny Capital Corp CO’s holdings in SPDR Gold Shares were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares during the 4th quarter valued at approximately $27,000. Private Ocean LLC raised its stake in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Finally, Security National Bank purchased a new position in SPDR Gold Shares during the first quarter valued at $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $242.21 on Friday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $242.63. The stock’s fifty day moving average price is $228.91 and its 200-day moving average price is $219.01.

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).