Northeast Financial Group Inc. Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Northeast Financial Group Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,329 shares of the exchange traded fund’s stock after purchasing an additional 5,662 shares during the period. SPDR Gold Shares comprises approximately 2.3% of Northeast Financial Group Inc.’s portfolio, making the stock its 12th largest position. Northeast Financial Group Inc.’s holdings in SPDR Gold Shares were worth $4,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Ion Advisors LLC increased its holdings in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock valued at $1,589,000 after acquiring an additional 54 shares during the last quarter. Capital Market Strategies LLC boosted its holdings in SPDR Gold Shares by 4.6% in the fourth quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock valued at $238,000 after purchasing an additional 55 shares in the last quarter. JB Capital LLC raised its holdings in SPDR Gold Shares by 2.4% during the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after purchasing an additional 55 shares in the last quarter. Financial Sense Advisors Inc. raised its holdings in SPDR Gold Shares by 2.0% during the third quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after purchasing an additional 56 shares in the last quarter. Finally, Sandy Spring Bank lifted its position in shares of SPDR Gold Shares by 4.0% during the 4th quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.6 %

Shares of NYSEARCA GLD traded up $3.63 during mid-day trading on Friday, reaching $223.66. The company had a trading volume of 10,481,937 shares, compared to its average volume of 7,549,731. The firm has a 50 day simple moving average of $211.91 and a two-hundred day simple moving average of $196.16. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.09.

About SPDR Gold Shares

(Free Report)

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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