TigerOak Management L.L.C. Purchases Shares of 19,431 SPDR Gold Shares (NYSEARCA:GLD)

TigerOak Management L.L.C. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,431 shares of the exchange traded fund’s stock, valued at approximately $4,705,000. SPDR Gold Shares comprises about 1.7% of TigerOak Management L.L.C.’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds also recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. PayPay Securities Corp increased its stake in SPDR Gold Shares by 55.3% in the fourth 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 last quarter. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $38,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.5 %

Shares of SPDR Gold Shares stock opened at $266.29 on Friday. SPDR Gold Shares has a 52 week low of $184.84 and a 52 week high of $270.39. The firm’s 50 day moving average is $250.74 and its two-hundred day moving average is $243.57.

SPDR Gold Shares 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).