KFG Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,229 shares of the exchange traded fund’s stock after buying an additional 225 shares during the period. KFG Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,508,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares in the third quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC increased its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth $40,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock opened at $255.65 on Friday. The business has a fifty day simple moving average of $245.31 and a 200-day simple moving average of $239.43. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.
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).
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