Lionsbridge Wealth Management LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Lionsbridge Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, HoldingsChannel reports. The fund acquired 9,737 shares of the exchange traded fund’s stock, valued at approximately $2,367,000. SPDR Gold Shares comprises about 1.9% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 16th biggest holding.

Other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Semmax Financial Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC lifted its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Chris Bulman Inc bought a new stake in SPDR Gold Shares in the second quarter valued at $29,000. Finally, Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares during the 3rd quarter valued at $35,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $247.98 on Friday. The firm has a fifty day simple moving average of $244.18 and a two-hundred day simple moving average of $228.61. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71.

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).