Shikiar Asset Management Inc. Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Shikiar Asset Management Inc. acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 2,500 shares of the exchange traded fund’s stock, valued at approximately $333,000.

Several other hedge funds also recently bought and sold shares of the company. Archford Capital Strategies LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $25,000. Live Your Vision LLC raised its stake in SPDR Gold Shares by 263.5% during the 1st quarter. Live Your Vision LLC now owns 229 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 166 shares during the period. Howe & Rusling Inc. raised its stake in SPDR Gold Shares by 81.8% during the 1st quarter. Howe & Rusling Inc. now owns 289 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 130 shares during the period. Burt Wealth Advisors raised its stake in SPDR Gold Shares by 800.0% during the 1st quarter. Burt Wealth Advisors now owns 315 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 280 shares during the period. Finally, Icon Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $47,000.

GLD traded up $0.85 on Tuesday, hitting $138.64. 822,128 shares of the company’s stock traded hands, compared to its average volume of 8,460,255. The firm has a 50 day simple moving average of $133.14. SPDR Gold Shares has a one year low of $111.06 and a one year high of $138.64.

SPDR Gold Shares 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).

Read More: What are convertible shares? 

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.