GEM Asset Management LLC Invests $316,000 in SPDR Gold Shares (NYSEARCA:GLD)

GEM Asset Management LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,295 shares of the exchange traded fund’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at $25,000. Semmax Financial Advisors Inc. increased its stake 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 valued at $25,000 after buying an additional 48 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at $26,000. Private Ocean LLC increased its stake 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 buying an additional 76 shares during the period. Finally, Security National Bank purchased a new position in shares of SPDR Gold Shares during the first quarter valued at $28,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $1.08 during trading on Thursday, hitting $242.13. 2,778,304 shares of the stock traded hands, compared to its average volume of 7,013,477. The stock’s fifty day simple moving average is $234.46 and its 200 day simple moving average is $223.00. SPDR Gold Shares has a 52-week low of $173.24 and a 52-week 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).