Murchinson Ltd. Purchases Shares of 62,500 SPDR Gold Shares (NYSEARCA:GLD)

Murchinson Ltd. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 62,500 shares of the exchange traded fund’s stock, valued at approximately $13,438,000. SPDR Gold Shares accounts for 2.5% of Murchinson Ltd.’s holdings, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. Aveo Capital Partners LLC raised its stake in SPDR Gold Shares by 116.1% in the fourth quarter. Aveo Capital Partners LLC now owns 23,077 shares of the exchange traded fund’s stock valued at $4,412,000 after buying an additional 12,396 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of SPDR Gold Shares by 628.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,352 shares of the exchange traded fund’s stock worth $632,000 after acquiring an additional 2,892 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in SPDR Gold Shares by 23.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,487 shares of the exchange traded fund’s stock worth $284,000 after purchasing an additional 284 shares during the last quarter. Trexquant Investment LP purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $371,000. Finally, Congress Wealth Management LLC DE acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $628,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $242.68 on Tuesday. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $243.46. The company’s 50 day moving average is $229.29 and its two-hundred day moving average is $219.45.

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).