SPDR Gold Shares (NYSEARCA:GLD) Position Boosted by Welch Group LLC

Welch Group LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,764 shares of the exchange traded fund’s stock after purchasing an additional 105 shares during the quarter. Welch Group LLC’s holdings in SPDR Gold Shares were worth $1,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the third quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the third quarter valued at $38,000. Sugarloaf Wealth Management LLC raised its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth about $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.5 %

Shares of GLD opened at $259.94 on Tuesday. The business’s 50-day moving average is $246.38 and its 200-day moving average is $240.80. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $261.39.

SPDR Gold Shares Company 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).