Heck Capital Advisors LLC Buys New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Heck Capital Advisors LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 73,070 shares of the exchange traded fund’s stock, valued at approximately $17,692,000. SPDR Gold Shares makes up approximately 1.2% of Heck Capital Advisors LLC’s holdings, making the stock its 16th largest holding.

A number of other institutional investors also recently bought and sold shares of the business. Romano Brothers AND Company raised its stake in SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 41 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust lifted its holdings in shares of 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 purchasing an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. boosted its position in shares of SPDR Gold Shares by 3.3% in the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 43 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $258.56 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $259.99. The stock’s 50 day moving average price is $246.21 and its 200 day moving average price is $240.38.

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).