Helen Stephens Group LLC Invests $246,000 in SPDR Gold Shares (NYSEARCA:GLD)

Helen Stephens Group LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,011 shares of the exchange traded fund’s stock, valued at approximately $246,000.

Other institutional investors also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. boosted 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. Triad Wealth Partners LLC purchased a new stake 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 1st quarter worth $26,000. Private Ocean LLC grew its holdings 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 worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Chris Bulman Inc purchased a new stake in shares of SPDR Gold Shares during the second quarter worth $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $242.32 on Wednesday. The company’s 50-day moving average price is $233.77 and its 200-day moving average price is $222.58. SPDR Gold Shares has a twelve month low of $171.07 and a twelve month 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).