Raleigh Capital Management Inc. Has $2.72 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Raleigh Capital Management Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 66.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,235 shares of the exchange traded fund’s stock after purchasing an additional 4,504 shares during the period. SPDR Gold Shares makes up 1.0% of Raleigh Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Raleigh Capital Management Inc.’s holdings in SPDR Gold Shares were worth $2,720,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Adirondack Trust Co. grew its stake in SPDR Gold Shares by 3.3% during the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after buying an additional 43 shares in the last quarter. D.B. Root & Company LLC lifted its holdings in shares of SPDR Gold Shares by 4.9% during the 4th quarter. D.B. Root & Company LLC now owns 9,208 shares of the exchange traded fund’s stock worth $2,230,000 after acquiring an additional 428 shares during the period. True North Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $222,000. Independent Wealth Network Inc. increased its stake in SPDR Gold Shares by 2.6% in the fourth quarter. Independent Wealth Network Inc. now owns 9,998 shares of the exchange traded fund’s stock valued at $2,421,000 after acquiring an additional 256 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its position in SPDR Gold Shares by 1.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,990 shares of the exchange traded fund’s stock valued at $966,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

Shares of GLD stock opened at $254.43 on Thursday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71. The stock’s fifty day moving average price is $244.59 and its two-hundred day moving average price is $239.07.

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).