B&D White Capital Company LLC Makes New $5.50 Million Investment in SPDR Gold Shares (NYSEARCA:GLD)

B&D White Capital Company LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,730 shares of the exchange traded fund’s stock, valued at approximately $5,504,000. SPDR Gold Shares accounts for approximately 0.9% of B&D White Capital Company LLC’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter valued at $28,000. Roxbury Financial LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $31,000. PayPay Securities Corp boosted its stake in SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares during the 3rd quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the 3rd quarter worth about $38,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $270.74 on Monday. The firm’s 50 day moving average is $253.00 and its two-hundred day moving average is $245.50. SPDR Gold Shares has a 52 week low of $187.05 and a 52 week high of $271.84.

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).