Steele Capital Management Inc. Purchases Shares of 2,315 SPDR Gold Shares (NYSEARCA:GLD)

Steele Capital Management Inc. purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,315 shares of the exchange traded fund’s stock, valued at approximately $443,000.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of SPDR Gold Shares by 19,989.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after buying an additional 2,424,904 shares in the last quarter. Toronto Dominion Bank raised its holdings in SPDR Gold Shares by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock valued at $799,007,000 after buying an additional 591,368 shares during the last quarter. Euclidean Capital LLC boosted its position in SPDR Gold Shares by 91.4% during the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock worth $182,166,000 after buying an additional 507,500 shares during the period. Dagco Inc. grew its holdings in SPDR Gold Shares by 24,465.7% during the 3rd quarter. Dagco Inc. now owns 388,138 shares of the exchange traded fund’s stock worth $66,546,000 after acquiring an additional 386,558 shares during the last quarter. Finally, Bailard Inc. increased its position in SPDR Gold Shares by 5,040.4% in the 4th quarter. Bailard Inc. now owns 349,291 shares of the exchange traded fund’s stock valued at $66,774,000 after acquiring an additional 342,496 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded down $3.57 on Tuesday, reaching $212.61. 4,161,195 shares of the stock traded hands, compared to its average volume of 7,864,578. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09. The company’s 50 day moving average is $205.15 and its 200-day moving average is $192.99.

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).