Choreo LLC Has $2.12 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Choreo LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 29.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,077 shares of the exchange traded fund’s stock after purchasing an additional 2,544 shares during the period. Choreo LLC’s holdings in SPDR Gold Shares were worth $2,118,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Miracle Mile Advisors LLC raised its position in SPDR Gold Shares by 33.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock valued at $459,000 after buying an additional 607 shares during the last quarter. Syon Capital LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at $6,972,000. Raymond James & Associates raised its position in SPDR Gold Shares by 0.5% in the 4th quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock valued at $161,466,000 after buying an additional 4,242 shares during the last quarter. Marks Wealth LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at $33,299,000. Finally, Planned Solutions Inc. purchased a new stake in SPDR Gold Shares in the 4th quarter valued at $65,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $216.18 on Tuesday. The business has a fifty day simple moving average of $205.15 and a 200 day simple moving average of $192.99. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09.

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).