Ignite Planners LLC Buys Shares of 1,343 SPDR Gold Shares (NYSEARCA:GLD)

Ignite Planners LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,343 shares of the exchange traded fund’s stock, valued at approximately $326,000.

Other institutional investors have also recently made changes to their positions in the company. TKG Advisors LLC lifted its position in shares of SPDR Gold Shares by 0.7% during the fourth quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after acquiring an additional 110 shares in the last quarter. City Holding Co. lifted its position in shares of SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 195 shares in the last quarter. St. Johns Investment Management Company LLC lifted its position in shares of SPDR Gold Shares by 5.7% during the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after acquiring an additional 1,492 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of SPDR Gold Shares by 0.8% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 297,779 shares of the exchange traded fund’s stock worth $56,926,000 after acquiring an additional 2,335 shares in the last quarter. Finally, Traynor Capital Management Inc. lifted its position in shares of SPDR Gold Shares by 19.9% during the first quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $242.32 on Wednesday. The stock’s fifty day moving average price is $233.77 and its two-hundred day moving average price is $222.58. SPDR Gold Shares has a 1 year low of $171.07 and a 1 year high of $247.37.

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).