Van Cleef Asset Management Inc Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Van Cleef Asset Management Inc purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,393 shares of the exchange traded fund’s stock, valued at approximately $457,000.

Other hedge funds have also made changes to their positions in the company. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $25,000. Johnson Midwest Financial LLC boosted its position in shares of 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 boosted its position in shares of 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 during the fourth quarter worth $31,000. Finally, GAMMA Investing LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at $33,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

GLD traded up $1.28 during trading on Thursday, hitting $215.92. The company had a trading volume of 6,604,272 shares, compared to its average volume of 7,953,503. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.09. The firm’s 50-day moving average price is $203.35 and its 200 day moving average price is $191.95.

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).