Wealth Alliance Advisory Group LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 888 shares of the exchange traded fund’s stock, valued at approximately $216,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares in the second quarter worth $25,000. Semmax Financial Advisors Inc. increased its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter valued at about $26,000. Private Ocean LLC lifted its position in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Finally, Security National Bank purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $28,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
GLD stock opened at $251.27 on Friday. SPDR Gold Shares has a one year low of $179.11 and a one year high of $251.37. The company’s 50 day moving average price is $237.71 and its two-hundred day moving average price is $225.03.
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).
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