E&G Advisors LP Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

E&G Advisors LP increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,960 shares of the exchange traded fund’s stock after purchasing an additional 3,420 shares during the quarter. SPDR Gold Shares makes up 1.5% of E&G Advisors LP’s holdings, making the stock its 12th largest position. E&G Advisors LP’s holdings in SPDR Gold Shares were worth $5,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at about $25,000. Semmax Financial Advisors Inc. raised its stake 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 worth $25,000 after acquiring an additional 48 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares during the first quarter valued at approximately $26,000. Private Ocean LLC boosted its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Finally, Security National Bank purchased a new position in SPDR Gold Shares in the first quarter worth $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of GLD stock opened at $251.27 on Friday. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $251.37. The business’s fifty day simple moving average is $237.71 and its 200-day simple moving average 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).