Thompson Davis & CO. Inc. Invests $459,000 in SPDR Gold Shares (NYSEARCA:GLD)

Thompson Davis & CO. Inc. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,402 shares of the exchange traded fund’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Personal Financial Services acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Johnson Midwest Financial LLC raised its holdings in SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares in the last quarter. Private Ocean LLC raised its holdings in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Naples Money Management LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at $31,000. Finally, GAMMA Investing LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at $33,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded down $4.18 during trading on Tuesday, hitting $212.00. The company had a trading volume of 11,212,974 shares, compared to its average volume of 7,953,873. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09. The business’s 50-day moving average is $205.64 and its 200 day moving average is $193.22.

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).