Shares of SPDR Gold (NYSEARCA:GLD) hit a new 12-month high of $243.52

SPDR Gold Shares (NYSEARCA:GLD – Get Free Report ) share price hit a new 52-week high on Tuesday . The stock traded as high as $243.52 and last traded at $243.40, with a volume of 273028 shares. Shares previously closed at $242.68.

SPDR Gold shares rose 0.7%

The stock has a fifty day moving average of $229.29 and a two hundred day moving average of $219.45.

Institutional Trading of SPDR Gold Shares

Several institutional investors have recently added to or reduced their stakes in GLD. Ballast Inc. boosted its stake in SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in SPDR Gold Shares by 2.2% in the second quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock worth $455,000 after acquiring an additional 45 shares during the period. Burkett Financial Services LLC raised its position in shares of SPDR Gold Shares by 9.9% in the second quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock worth $110,000 after acquiring an additional 46 shares in the last quarter. CCG Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 1.2% in the second quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock valued at $860,000 after buying an additional 46 shares during the period. Finally, Apollon Financial LLC raised its position in shares of SPDR Gold Shares by 1.7% during the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock, valued at $604,000 after bought another 47 shares in the last quarter. 42.19% of shares are currently owned by institutional investors.

SPDR Gold Shares Company Profile

(Get a free report)

SPDR Gold Trust (the Trust) is an investment trust. The Trust’s investment objective is for the Shares to reflect the price performance of gold bullion, less the Trust’s expenses. The business of the Trust is gold investment. The Trust creates and redeems shares from time to time, but in one or more baskets (a basket is equal to a block of 100,000 shares).

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