KFA Private Wealth Group LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

KFA Private Wealth Group LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.7% during the first quarter, Holdings Channel.com reports. The firm owned 5,924 shares of the exchange traded fund’s stock after acquiring an additional 370 shares during the quarter. KFA Private Wealth Group LLC’s holdings in SPDR Gold Shares were worth $1,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its holdings in SPDR Gold Shares by 4.9% in the first quarter. Blue Trust Inc. now owns 11,397 shares of the exchange traded fund’s stock worth $2,345,000 after purchasing an additional 528 shares during the period. Source Financial Advisors LLC grew its holdings in SPDR Gold Shares by 11.6% in the first quarter. Source Financial Advisors LLC now owns 12,086 shares of the exchange traded fund’s stock worth $2,486,000 after purchasing an additional 1,255 shares during the period. Centric Wealth Management grew its holdings in shares of SPDR Gold Shares by 0.7% during the first quarter. Centric Wealth Management now owns 11,315 shares of the exchange traded fund’s stock valued at $2,397,000 after buying an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of SPDR Gold Shares by 32.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,784 shares of the exchange traded fund’s stock valued at $10,653,000 after buying an additional 12,714 shares during the last quarter. Finally, Shariaportfolio Inc. grew its holdings in shares of SPDR Gold Shares by 15.9% during the first quarter. Shariaportfolio Inc. now owns 2,743 shares of the exchange traded fund’s stock valued at $564,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.3 %

Shares of NYSEARCA:GLD traded up $2.94 during trading on Friday, reaching $220.93. 5,950,550 shares of the stock traded hands, compared to its average volume of 5,008,163. The stock has a 50-day moving average of $216.40 and a two-hundred day moving average of $203.75. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66.

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).