GAMMA Investing LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

GAMMA Investing LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, Holdings Channel.com reports. The fund purchased 177 shares of the exchange traded fund’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLD. Chevy Chase Trust Holdings LLC raised its stake in shares of SPDR Gold Shares by 34.4% during the third quarter. Chevy Chase Trust Holdings LLC now owns 3,143 shares of the exchange traded fund’s stock valued at $539,000 after acquiring an additional 805 shares during the last quarter. Chicago Capital LLC grew its holdings in SPDR Gold Shares by 9.5% in the third quarter. Chicago Capital LLC now owns 1,596 shares of the exchange traded fund’s stock worth $274,000 after purchasing an additional 138 shares during the period. JB Capital LLC grew its holdings in SPDR Gold Shares by 88.8% in the third quarter. JB Capital LLC now owns 2,324 shares of the exchange traded fund’s stock worth $398,000 after purchasing an additional 1,093 shares during the period. WealthShield Partners LLC grew its holdings in SPDR Gold Shares by 3.2% in the third quarter. WealthShield Partners LLC now owns 5,794 shares of the exchange traded fund’s stock worth $993,000 after purchasing an additional 181 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in SPDR Gold Shares by 13.6% in the third quarter. Verdence Capital Advisors LLC now owns 5,680 shares of the exchange traded fund’s stock worth $974,000 after purchasing an additional 682 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $212.96 on Monday. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.09. The firm’s 50-day simple moving average is $207.17 and its two-hundred day simple moving average is $193.95.

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).