Sage Financial Group Inc. Purchases 116 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Sage Financial Group Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,730 shares of the exchange traded fund’s stock after purchasing an additional 116 shares during the quarter. Sage Financial Group Inc.’s holdings in SPDR Gold Shares were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GLD. Romano Brothers AND Company boosted its stake in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares in the last quarter. Delta Financial Group Inc. lifted its holdings in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after acquiring an additional 41 shares during the period. Magnus Financial Group LLC boosted its position in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares in the last quarter. Spinnaker Trust boosted its position in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. increased its stake in SPDR Gold Shares by 3.3% in the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 43 shares during the period. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $254.20 on Thursday. The stock has a 50 day simple moving average of $245.79 and a 200-day simple moving average of $240.16. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

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).