OMC Financial Services LTD Invests $7.79 Million in SPDR Gold Shares (NYSEARCA:GLD)

OMC Financial Services LTD bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,864 shares of the exchange traded fund’s stock, valued at approximately $7,789,000. SPDR Gold Shares makes up about 4.0% of OMC Financial Services LTD’s holdings, making the stock its 8th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hamilton Wealth LLC lifted its stake in shares of SPDR Gold Shares by 6.3% in the first quarter. Hamilton Wealth LLC now owns 51,224 shares of the exchange traded fund’s stock worth $10,538,000 after buying an additional 3,049 shares in the last quarter. Tactive Advisors LLC bought a new position in SPDR Gold Shares during the first quarter valued at approximately $291,000. Pathway Financial Advisers LLC purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $229,000. Alexander Labrunerie & CO. Inc. bought a new stake in SPDR Gold Shares in the 1st quarter worth approximately $258,000. Finally, Cetera Advisors LLC raised its stake in SPDR Gold Shares by 22.9% during the 1st quarter. Cetera Advisors LLC now owns 184,155 shares of the exchange traded fund’s stock valued at $37,884,000 after buying an additional 34,336 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded down $0.43 during midday trading on Friday, hitting $225.34. 11,109,387 shares of the stock traded hands, compared to its average volume of 6,606,000. SPDR Gold Shares has a one year low of $168.30 and a one year high of $229.65. The firm has a 50-day moving average of $218.58 and a two-hundred day moving average of $208.34.

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).