Sigma Investment Counselors Inc. Holds Position in SPDR Gold Trust (GLD)
Sigma Investment Counselors Inc. continued to hold its stake in shares of SPDR Gold Trust (NYSEARCA:GLD) during the second quarter, Holdings Channel reports. The firm owned 2,334 shares of the exchange traded fund’s stock at the end of the second quarter. Sigma Investment Counselors Inc.’s holdings in SPDR Gold Trust were worth $275,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Courage Miller Partners LLC purchased a new position in SPDR Gold Trust during the second quarter worth approximately $203,000. ST Germain D J Co. Inc. purchased a new position in SPDR Gold Trust during the second quarter worth approximately $204,000. Clarkston Capital Partners LLC purchased a new position in SPDR Gold Trust during the second quarter worth approximately $215,000. Kanawha Capital Management LLC increased its position in SPDR Gold Trust by 6.8% in the second quarter. Kanawha Capital Management LLC now owns 1,955 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 125 shares in the last quarter. Finally, Meritage Portfolio Management purchased a new position in SPDR Gold Trust during the second quarter worth approximately $246,000.
SPDR Gold Trust (NYSEARCA GLD) opened at 121.31 on Thursday. The stock’s 50 day moving average price is $118.45 and its 200-day moving average price is $118.49. SPDR Gold Trust has a 52-week low of $107.00 and a 52-week high of $129.26. SPDR Gold Trust also saw some unusual options trading on Wednesday. Stock investors purchased 73,509 call options on the stock. This represents an increase of 130% compared to the typical volume of 31,916 call options.
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SPDR Gold Trust 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).
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