Steele Capital Management Inc. Acquires New Position in SPDR Gold Shares (NYSEARCA:GLD)

Steele Capital Management Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,315 shares of the exchange traded fund’s stock, valued at approximately $443,000.

Several other large investors have also recently added to or reduced their stakes in the business. Toronto Dominion Bank lifted its position in shares of SPDR Gold Shares by 14.5% during the third quarter. Toronto Dominion Bank now owns 4,660,292 shares of the exchange traded fund’s stock worth $799,007,000 after purchasing an additional 591,368 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of SPDR Gold Shares by 4.2% during the third quarter. First Eagle Investment Management LLC now owns 3,451,135 shares of the exchange traded fund’s stock valued at $599,794,000 after acquiring an additional 137,604 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of SPDR Gold Shares by 19,989.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after acquiring an additional 2,424,904 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of SPDR Gold Shares by 0.6% in the third quarter. Mackenzie Financial Corp now owns 1,637,245 shares of the exchange traded fund’s stock worth $276,956,000 after acquiring an additional 9,005 shares in the last quarter. Finally, Euclidean Capital LLC boosted its holdings in SPDR Gold Shares by 91.4% in the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after purchasing an additional 507,500 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD stock traded down $3.57 during midday trading on Tuesday, hitting $212.61. 4,161,195 shares of the company’s stock were exchanged, compared to its average volume of 7,864,578. The firm has a 50 day moving average price of $205.15 and a 200-day moving average price 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).