Financial Advantage Inc. Purchases 327 Shares of SPDR Gold Trust (GLD)

Financial Advantage Inc. raised its stake in SPDR Gold Trust (NYSEARCA:GLD) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,035 shares of the exchange traded fund’s stock after purchasing an additional 327 shares during the quarter. SPDR Gold Trust makes up about 8.4% of Financial Advantage Inc.’s portfolio, making the stock its 2nd biggest holding. Financial Advantage Inc.’s holdings in SPDR Gold Trust were worth $9,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Blume Capital Management Inc. grew its stake in SPDR Gold Trust by 30.8% in the second quarter. Blume Capital Management Inc. now owns 850 shares of the exchange traded fund’s stock valued at $100,000 after purchasing an additional 200 shares in the last quarter. QCI Asset Management Inc. NY grew its stake in SPDR Gold Trust by 14.9% in the second quarter. QCI Asset Management Inc. NY now owns 1,155 shares of the exchange traded fund’s stock valued at $136,000 after purchasing an additional 150 shares in the last quarter. CI Global Investments Inc. bought a new position in SPDR Gold Trust in the second quarter valued at approximately $150,000. Cornerstone Advisory LLP bought a new position in SPDR Gold Trust in the second quarter valued at approximately $201,000. Finally, Wellesley Investment Partners LLC bought a new position in SPDR Gold Trust in the second quarter valued at approximately $202,000.

SPDR Gold Trust (GLD) traded down 0.50% on Friday, reaching $125.53. The company’s stock had a trading volume of 8,375,074 shares. SPDR Gold Trust has a 52-week low of $107.00 and a 52-week high of $128.32. The firm’s 50-day moving average price is $123.33 and its 200 day moving average price is $119.90.

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About SPDR Gold Trust

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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