Traders Buy SPDR Gold Shares (GLD) on Weakness

Traders purchased shares of SPDR Gold Shares (NYSEARCA:GLD) on weakness during trading on Tuesday. $234.05 million flowed into the stock on the tick-up and $160.39 million flowed out of the stock on the tick-down, for a money net flow of $73.66 million into the stock. Of all stocks tracked, SPDR Gold Shares had the 6th highest net in-flow for the day. SPDR Gold Shares traded down ($0.21) for the day and closed at $121.88

Several hedge funds have recently made changes to their positions in GLD. QCI Asset Management Inc. NY raised its position in SPDR Gold Shares by 12.1% in the fourth quarter. QCI Asset Management Inc. NY now owns 814 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 88 shares during the last quarter. FormulaFolio Investments LLC raised its position in SPDR Gold Shares by 1.8% in the fourth quarter. FormulaFolio Investments LLC now owns 8,138 shares of the exchange traded fund’s stock valued at $918,000 after purchasing an additional 142 shares during the last quarter. LifePlan Financial Group Inc raised its position in SPDR Gold Shares by 13.9% in the fourth quarter. LifePlan Financial Group Inc now owns 1,505 shares of the exchange traded fund’s stock valued at $182,000 after purchasing an additional 184 shares during the last quarter. Narwhal Capital Management raised its position in SPDR Gold Shares by 0.7% in the fourth quarter. Narwhal Capital Management now owns 26,786 shares of the exchange traded fund’s stock valued at $3,248,000 after purchasing an additional 191 shares during the last quarter. Finally, Edge Wealth Management LLC raised its position in SPDR Gold Shares by 1.6% in the fourth quarter. Edge Wealth Management LLC now owns 14,516 shares of the exchange traded fund’s stock valued at $1,760,000 after purchasing an additional 228 shares during the last quarter.

TRADEMARK VIOLATION WARNING: “Traders Buy SPDR Gold Shares (GLD) on Weakness” was posted by Fairfield Current and is the property of of Fairfield Current. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.fairfieldcurrent.com/news/2019/01/16/traders-buy-spdr-gold-shares-gld-on-weakness.html.

SPDR Gold Shares Company Profile (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).

See Also: Call Option

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.