Turim 21 Investimentos Ltda. Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Turim 21 Investimentos Ltda. purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,575 shares of the exchange traded fund’s stock, valued at approximately $4,639,000. SPDR Gold Shares accounts for about 1.2% of Turim 21 Investimentos Ltda.’s portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares in the 2nd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares in the first quarter worth about $26,000. Gold Investment Management Ltd. bought a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $27,000. Private Ocean LLC grew its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Security National Bank purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

Shares of GLD stock opened at $242.21 on Monday. The business’s fifty day moving average is $228.91 and its 200 day moving average is $219.15. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $242.63.

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).