Investors Buy SPDR Gold Shares (GLD) on Weakness

Traders bought shares of SPDR Gold Shares (NYSEARCA:GLD) on weakness during trading hours on Friday. $118.41 million flowed into the stock on the tick-up and $48.40 million flowed out of the stock on the tick-down, for a money net flow of $70.01 million into the stock. Of all companies tracked, SPDR Gold Shares had the 5th highest net in-flow for the day. SPDR Gold Shares traded down ($0.09) for the day and closed at $115.77

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortis Advisors LLC lifted its position in SPDR Gold Shares by 9,910.0% during the 2nd quarter. Fortis Advisors LLC now owns 1,001 shares of the exchange traded fund’s stock worth $119,000 after acquiring an additional 991 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in SPDR Gold Shares during the 2nd quarter worth approximately $122,000. Asset Dedication LLC acquired a new position in SPDR Gold Shares during the 2nd quarter worth approximately $122,000. Pacific Center for Financial Services lifted its position in SPDR Gold Shares by 75.8% during the 2nd quarter. Pacific Center for Financial Services now owns 1,088 shares of the exchange traded fund’s stock worth $129,000 after acquiring an additional 469 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $130,000.

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About SPDR Gold Shares (NYSEARCA:GLD)

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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