Fortress Financial Solutions LLC Purchases Shares of 3,448 SPDR Gold Shares (NYSEARCA:GLD)

Fortress Financial Solutions LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,448 shares of the exchange traded fund’s stock, valued at approximately $835,000. SPDR Gold Shares comprises approximately 1.2% of Fortress Financial Solutions LLC’s portfolio, making the stock its 20th biggest holding.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the third quarter worth $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares during the third quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth $38,000. Keystone Financial Group Inc. bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $39,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.4 %

Shares of NYSEARCA:GLD opened at $267.39 on Wednesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $268.66. The company has a 50-day moving average price of $248.80 and a 200 day moving average price of $242.56.

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).