Hanlon Investment Management Inc. Invests $564,000 in SPDR Gold Shares (NYSEARCA:GLD)

Hanlon Investment Management Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,322 shares of the exchange traded fund’s stock, valued at approximately $564,000.

Several other large investors also recently made changes to their positions in the stock. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares in the second quarter valued at $25,000. Semmax Financial Advisors Inc. lifted its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the last quarter. Private Ocean LLC lifted its stake in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Chris Bulman Inc acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $29,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $37,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.4 %

Shares of SPDR Gold Shares stock opened at $253.95 on Tuesday. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The company has a 50-day simple moving average of $242.83 and a two-hundred day simple moving average of $227.89.

SPDR Gold Shares Company 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).