Kessler Investment Group LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 38,052.0% in the third quarter, HoldingsChannel.com reports. The firm owned 19,076 shares of the exchange traded fund’s stock after buying an additional 19,026 shares during the period. SPDR Gold Shares accounts for approximately 3.0% of Kessler Investment Group LLC’s portfolio, making the stock its 15th largest holding. Kessler Investment Group LLC’s holdings in SPDR Gold Shares were worth $2,649,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Archford Capital Strategies LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $25,000. Prestige Wealth Management Group LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $28,000. Strategic Blueprint LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $29,000. Reilly Financial Advisors LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Finally, First National Bank of South Miami boosted its position in shares of SPDR Gold Shares by 375.0% during the 2nd quarter. First National Bank of South Miami now owns 380 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 300 shares during the period.
Shares of NYSEARCA:GLD traded down $0.50 during mid-day trading on Monday, reaching $139.96. 507,091 shares of the company were exchanged, compared to its average volume of 9,341,684. The firm’s 50-day simple moving average is $141.80 and its 200 day simple moving average is $132.17. SPDR Gold Shares has a 1 year low of $113.42 and a 1 year high of $146.82.
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).
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