Moss Adams Wealth Advisors LLC Acquires New Shares in SPDR Gold Shares (NYSEARCA:GLD)

Moss Adams Wealth Advisors LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,472 shares of the exchange traded fund’s stock, valued at approximately $1,325,000.

Several other institutional investors have also recently bought and sold shares of the business. Romano Brothers AND Company raised its stake in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its holdings in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after buying an additional 41 shares in the last quarter. Spinnaker Trust raised its position in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the last quarter. Compton Wealth Advisory Group LLC lifted its stake in SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 44 shares in the last quarter. Finally, Acorn Wealth Advisors LLC boosted its holdings in SPDR Gold Shares by 1.4% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.5 %

NYSEARCA GLD opened at $249.27 on Friday. The company has a fifty day moving average price of $243.85 and a 200-day moving average price of $238.21. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

SPDR Gold Shares Company 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).