Compass Ion Advisors LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,397 shares of the exchange traded fund’s stock after buying an additional 4,184 shares during the period. SPDR Gold Shares accounts for approximately 7.8% of Compass Ion Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Compass Ion Advisors LLC’s holdings in SPDR Gold Shares were worth $8,770,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. ERTS Wealth Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $30,000. Key Financial Inc acquired a new position in SPDR Gold Shares during the first quarter valued at approximately $48,000. American Research & Management Co. acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $50,000. West Bancorporation Inc. acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $50,000. Finally, First Horizon Advisors Inc. boosted its stake in SPDR Gold Shares by 49.6% during the first quarter. First Horizon Advisors Inc. now owns 380 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 126 shares in the last quarter.
Shares of NYSEARCA GLD traded up $0.45 during midday trading on Thursday, reaching $170.54. 203,736 shares of the company traded hands, compared to its average volume of 12,907,891. The stock’s 50-day simple moving average is $163.65 and its 200-day simple moving average is $154.49. SPDR Gold Shares has a 12 month low of $131.16 and a 12 month high of $170.86.
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).
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