SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Townsend & Associates Inc

Townsend & Associates Inc raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 85.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,504 shares of the exchange traded fund’s stock after acquiring an additional 62,420 shares during the period. SPDR Gold Shares makes up approximately 3.1% of Townsend & Associates Inc’s investment portfolio, making the stock its 8th largest position. Townsend & Associates Inc’s holdings in SPDR Gold Shares were worth $25,258,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GLD. Compass Ion Advisors LLC lifted its stake in SPDR Gold Shares by 0.7% in the fourth quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after buying an additional 54 shares during the period. Capital Market Strategies LLC lifted its position in shares of SPDR Gold Shares by 4.6% during the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 55 shares during the period. JB Capital LLC lifted its position in shares of SPDR Gold Shares by 2.4% during the 4th quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock valued at $455,000 after acquiring an additional 55 shares during the period. Financial Sense Advisors Inc. boosted its stake in SPDR Gold Shares by 2.0% during the third quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after acquiring an additional 56 shares in the last quarter. Finally, Sandy Spring Bank grew its holdings in SPDR Gold Shares by 4.0% in the fourth quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 56 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded up $2.36 during trading on Thursday, hitting $215.94. 4,106,166 shares of the company traded hands, compared to its average volume of 7,849,597. The business’s fifty day moving average is $208.23 and its 200 day moving average is $194.39. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09.

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).