Ariadne Wealth Management LP Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Ariadne Wealth Management LP acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,360 shares of the exchange traded fund’s stock, valued at approximately $2,012,000. SPDR Gold Shares accounts for approximately 1.1% of Ariadne Wealth Management LP’s holdings, making the stock its 20th biggest holding.

Several other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP bought a new position in SPDR Gold Shares in the 4th quarter worth about $371,000. Cornerstone Advisory LLC lifted its position in SPDR Gold Shares by 9.7% during the fourth quarter. Cornerstone Advisory LLC now owns 2,205 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 195 shares during the period. ROI Financial Advisors LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $2,693,000. Edge Capital Group LLC grew its position in SPDR Gold Shares by 0.5% during the fourth quarter. Edge Capital Group LLC now owns 24,341 shares of the exchange traded fund’s stock valued at $4,653,000 after buying an additional 133 shares during the period. Finally, Southeast Asset Advisors Inc. increased its stake in shares of SPDR Gold Shares by 41.8% in the 4th quarter. Southeast Asset Advisors Inc. now owns 33,923 shares of the exchange traded fund’s stock valued at $6,485,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $243.06 on Tuesday. The company has a 50-day moving average price of $231.33 and a 200 day moving average price of $221.02. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $247.37.

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).