Davidson Investment Advisors Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Davidson Investment Advisors purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,945 shares of the exchange traded fund’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Roxbury Financial LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth $31,000. PayPay Securities Corp lifted its holdings in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $35,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $38,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $266.29 on Tuesday. SPDR Gold Shares has a 12-month low of $184.84 and a 12-month high of $270.39. The firm has a 50-day moving average price of $250.74 and a 200 day moving average price of $243.84.

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).