SPDR Gold Shares (NYSEARCA:GLD – Get Rating) shares saw strong trading volume on Friday . 1,765,977 shares were traded during trading, a decline of 70% from the previous session's volume of 5,973,047 shares.The stock last traded at $175.31 and had previously closed at $177.90.
SPDR Gold Shares Trading Down 2.5 %
The stock's 50-day moving average price is $171.77 and its 200-day moving average price is $163.67.
Get SPDR Gold Shares alerts:Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in SPDR Gold Shares in the 2nd quarter valued at about $25,000. Norwood Financial Corp lifted its holdings in shares of SPDR Gold Shares by 183.3% in the third quarter. Norwood Financial Corp now owns 170 shares of the exchange traded fund's stock valued at $26,000 after purchasing an additional 110 shares in the last quarter. Old North State Trust LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $26,000. PayPay Securities Corp bought a new stake in SPDR Gold Shares during the fourth quarter worth $26,000. Finally, CNB Bank raised its position in SPDR Gold Shares by 1,363.6% in the 2nd quarter. CNB Bank now owns 161 shares of the exchange traded fund's stock valued at $27,000 after buying an additional 150 shares during the last quarter. 37.94% of the stock is owned by institutional investors and hedge funds.
About SPDR Gold Shares
(Get Rating)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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