NavPoint Financial Inc. Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

NavPoint Financial Inc. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,947 shares of the exchange traded fund’s stock, valued at approximately $1,710,000. SPDR Gold Shares accounts for about 1.6% of NavPoint Financial Inc.’s holdings, making the stock its 19th largest holding.

Several other hedge funds have also recently made changes to their positions in GLD. Chevy Chase Trust Holdings LLC increased 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 buying an additional 805 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of SPDR Gold Shares by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 11,655 shares of the exchange traded fund’s stock valued at $1,998,000 after purchasing an additional 505 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of SPDR Gold Shares by 2.5% during the third quarter. Brown Advisory Inc. now owns 283,716 shares of the exchange traded fund’s stock valued at $48,643,000 after purchasing an additional 6,950 shares in the last quarter. BLB&B Advisors LLC boosted its holdings in SPDR Gold Shares by 26.6% in the third quarter. BLB&B Advisors LLC now owns 2,609 shares of the exchange traded fund’s stock worth $447,000 after acquiring an additional 548 shares in the last quarter. Finally, Professional Financial Advisors LLC boosted its holdings in SPDR Gold Shares by 7.1% in the third quarter. Professional Financial Advisors LLC now owns 8,139 shares of the exchange traded fund’s stock worth $1,395,000 after acquiring an additional 539 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.1 %

SPDR Gold Shares stock traded down $0.17 during mid-day trading on Friday, hitting $212.96. The company had a trading volume of 8,679,910 shares, compared to its average volume of 11,009,346. The stock’s 50 day moving average price is $207.17 and its two-hundred day moving average price is $193.75. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

SPDR Gold Shares 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).