Gobi Capital LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 638,779 shares of the exchange traded fund’s stock, valued at approximately $106,912,000. SPDR Gold Shares makes up 7.8% of Gobi Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Gobi Capital LLC owned approximately 0.15% of SPDR Gold Shares at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Heritage Wealth Advisors raised its stake in shares of SPDR Gold Shares by 303.3% during the 2nd quarter. Heritage Wealth Advisors now owns 605 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 455 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $25,000. Selective Wealth Management Inc. purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $45,000. Key Financial Inc purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $48,000. Finally, Campbell Wealth Management purchased a new stake in SPDR Gold Shares during the second quarter worth $50,000.
NYSEARCA GLD traded up $0.50 during mid-day trading on Friday, reaching $181.64. 11,564,839 shares of the stock were exchanged, compared to its average volume of 13,758,864. The business’s 50 day moving average is $182.41 and its 200-day moving average is $164.59. SPDR Gold Shares has a 1 year low of $136.12 and a 1 year high of $194.45.
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).
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