SPDR Gold Shares (NYSEARCA:GLD) Sets New 52-Week High at $243.52

Shares of SPDR Gold Shares (NYSEARCA:GLD) reached a new 52-week high during trading on Tuesday . The company traded as high as $243.52 and last traded at $243.40, with a volume of 273028 shares. The stock had previously closed at $242.68.

SPDR Gold Shares Stock Up 0.7 %

The business’s 50 day moving average price is $229.29 and its two-hundred day moving average price is $219.45.

Institutional Trading of SPDR Gold Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares during the first quarter worth about $26,000. Gold Investment Management Ltd. acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $27,000. Finally, Private Ocean LLC raised its holdings in SPDR Gold Shares by 155.1% in the 2nd 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. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Company 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).