Oak Asset Management LLC Buys Shares of 1,775 SPDR Gold Shares (NYSEARCA:GLD)

Oak Asset Management LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLDGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,775 shares of the exchange traded fund’s stock, valued at approximately $299,000.

Other large investors have also modified their holdings of the company. Claremont Financial Group Inc. acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $3,016,000. HWG Holdings LP acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $28,000. MCF Advisors LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at $34,000. Rise Advisors LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at $33,000. Finally, Gladius Capital Management LP purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at $37,000. 40.89% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock traded down $2.37 during mid-day trading on Friday, reaching $153.33. The company’s stock had a trading volume of 145,418 shares, compared to its average volume of 5,566,600. The company’s 50 day simple moving average is $161.36 and its 200-day simple moving average is $170.22. SPDR Gold Shares has a 12-month low of $154.01 and a 12-month high of $193.30.

SPDR Gold Shares Company Profile

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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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