Mirador Capital Partners LP Invests $1.15 Million in SPDR Gold Shares (NYSEARCA:GLD)

Mirador Capital Partners LP acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,713 shares of the exchange traded fund’s stock, valued at approximately $1,146,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. lifted its stake in SPDR Gold Shares by 78.7% in the 2nd 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 in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $26,000. Private Ocean LLC grew its position in shares of 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 purchasing an additional 76 shares in the last quarter. Finally, Security National Bank bought a new stake in shares of SPDR Gold Shares in the first quarter worth about $28,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded down $0.49 during mid-day trading on Friday, reaching $245.00. The stock had a trading volume of 5,951,628 shares, compared to its average volume of 7,064,065. The business’s 50 day moving average price is $233.29 and its 200 day moving average price is $221.99. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $247.37.

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).