Encompass More Asset Management Purchases New Position in SPDR Gold Shares (NYSEARCA:GLD)

Encompass More Asset Management purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,600 shares of the exchange traded fund’s stock, valued at approximately $1,114,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the third quarter worth approximately $38,000. Sugarloaf Wealth Management LLC increased its holdings in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new position in SPDR Gold Shares during the 3rd quarter worth $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $256.21 on Friday. The business’s fifty day simple moving average is $244.59 and its 200-day simple moving average is $239.07. SPDR Gold Shares has a 12-month low of $183.78 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).