Wealth Alliance Advisory Group LLC Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Wealth Alliance Advisory Group LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 28.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,144 shares of the exchange traded fund’s stock after purchasing an additional 256 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in SPDR Gold Shares were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares during the last quarter. Cerity Partners OCIO LLC bought a new position in SPDR Gold Shares during the second quarter worth about $78,434,000. AlTi Global Inc. increased its stake in shares of SPDR Gold Shares by 145.0% in the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock worth $72,212,000 after purchasing an additional 198,823 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of SPDR Gold Shares by 47.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after purchasing an additional 146,271 shares during the period. Finally, Banco Santander S.A. lifted its stake in shares of SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after buying an additional 114,151 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $249.27 on Friday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The company’s fifty day simple moving average is $243.85 and its two-hundred day simple moving average is $238.21.

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).