XML Financial LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

XML Financial LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,072 shares of the exchange traded fund’s stock after purchasing an additional 2,495 shares during the quarter. SPDR Gold Shares accounts for approximately 1.0% of XML Financial LLC’s investment portfolio, making the stock its 26th biggest holding. XML Financial LLC’s holdings in SPDR Gold Shares were worth $10,429,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. RDA Financial Network lifted its position in SPDR Gold Shares by 1.8% during the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares during the period. Advance Capital Management Inc. lifted its holdings in shares of SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares during the period. Centaurus Financial Inc. boosted its position in SPDR Gold Shares by 10.1% in the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock valued at $8,514,000 after buying an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC increased its holdings in SPDR Gold Shares by 0.8% in the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock worth $1,502,000 after buying an additional 50 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in SPDR Gold Shares during the 3rd quarter worth approximately $564,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.5 %

GLD stock opened at $253.13 on Wednesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The firm’s fifty day simple moving average is $243.99 and its 200-day simple moving average is $238.73.

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).