SignalPoint Asset Management LLC Takes $206,000 Position in SPDR Gold Trust (GLD)

SignalPoint Asset Management LLC purchased a new position in shares of SPDR Gold Trust (NYSEARCA:GLD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,665 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC boosted its position in shares of SPDR Gold Trust by 1.1% during the fourth quarter. Vigilant Capital Management LLC now owns 60,262 shares of the exchange traded fund’s stock worth $7,451,000 after buying an additional 680 shares during the period. Dimension Capital Management LLC boosted its position in shares of SPDR Gold Trust by 3.5% during the fourth quarter. Dimension Capital Management LLC now owns 25,336 shares of the exchange traded fund’s stock worth $3,133,000 after buying an additional 854 shares during the period. IFG Advisory LLC purchased a new position in shares of SPDR Gold Trust during the fourth quarter worth $477,000. Roanoke Asset Management Corp NY boosted its position in shares of SPDR Gold Trust by 13.7% during the fourth quarter. Roanoke Asset Management Corp NY now owns 4,565 shares of the exchange traded fund’s stock worth $564,000 after buying an additional 550 shares during the period. Finally, Arlington Partners LLC purchased a new position in shares of SPDR Gold Trust during the fourth quarter worth $495,000.

Separately, Standpoint Research lifted their target price on SPDR Gold Trust to $28,000.00 in a report on Thursday, December 7th.

SPDR Gold Trust (GLD) opened at $128.23 on Thursday. The stock has a market capitalization of $35,900.00 and a price-to-earnings ratio of -14.74. SPDR Gold Trust has a fifty-two week low of $114.02 and a fifty-two week high of $129.51.

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SPDR Gold Trust 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).

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

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