Alleghany Corp DE acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 106,000 shares of the exchange traded fund’s stock, valued at approximately $14,720,000. SPDR Gold Shares makes up 0.8% of Alleghany Corp DE’s portfolio, making the stock its 18th biggest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC bought a new position in shares of SPDR Gold Shares in the 2nd quarter worth about $25,000. Prestige Wealth Management Group LLC bought a new position in shares of SPDR Gold Shares in the 2nd quarter worth about $28,000. Strategic Blueprint LLC bought a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $29,000. Reilly Financial Advisors LLC bought a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $38,000. Finally, Private Capital Group LLC raised its position in shares of SPDR Gold Shares by 290.0% in the 2nd quarter. Private Capital Group LLC now owns 390 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 290 shares in the last quarter.
Shares of GLD stock traded down $0.19 during mid-day trading on Wednesday, hitting $138.92. The company’s stock had a trading volume of 6,306,659 shares, compared to its average volume of 8,979,885. SPDR Gold Shares has a 52 week low of $116.58 and a 52 week high of $146.82. The company’s fifty day simple moving average is $139.36 and its 200-day simple moving average is $136.29.
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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