Vicus Capital Invests $271,000 in SPDR Gold Shares (NYSEARCA:GLD)

Vicus Capital acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the third quarter, HoldingsChannel reports. The fund acquired 1,114 shares of the exchange traded fund’s stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares during the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. lifted its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares during the first quarter valued at approximately $26,000. Private Ocean LLC lifted its position in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Finally, Chris Bulman Inc bought a new position in SPDR Gold Shares during the second quarter valued at approximately $29,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $253.89 on Wednesday. The company’s 50 day moving average is $238.69 and its 200 day moving average is $225.67. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $253.94.

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).