Plaisance Capital LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 32,000 shares of the exchange traded fund’s stock, valued at approximately $5,356,000. SPDR Gold Shares accounts for approximately 5.7% of Plaisance Capital LLC’s investment portfolio, making the stock its 3rd largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Wealth Advisors grew its stake in SPDR Gold Shares by 303.3% during the 2nd quarter. Heritage Wealth Advisors now owns 605 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 455 shares in the last quarter. Costello Asset Management INC purchased a new position in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. Selective Wealth Management Inc. acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $45,000. Key Financial Inc purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $48,000. Finally, Campbell Wealth Management acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $50,000.
NYSEARCA GLD traded up $0.50 on Friday, reaching $181.64. 11,564,839 shares of the company were exchanged, compared to its average volume of 13,758,864. The business’s fifty day moving average price is $182.41 and its 200 day moving average price is $164.59. SPDR Gold Shares has a fifty-two week low of $136.12 and a fifty-two week high of $194.45.
About SPDR Gold Shares
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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