Fortress Financial Solutions LLC Buys New Shares in SPDR Gold Shares (NYSEARCA:GLD)

Fortress Financial Solutions LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,448 shares of the exchange traded fund’s stock, valued at approximately $835,000. SPDR Gold Shares makes up 1.2% of Fortress Financial Solutions LLC’s holdings, making the stock its 20th largest holding.

A number of other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the 3rd quarter worth approximately $38,000. Keystone Financial Group Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $39,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $267.39 on Wednesday. The company’s fifty day moving average price is $248.80 and its 200-day moving average price is $242.56. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66.

About SPDR Gold Shares

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).