SPDR Gold Shares (NYSEARCA:GLD) Stock Position Boosted by DHK Financial Advisors Inc.

DHK Financial Advisors Inc. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,963 shares of the exchange traded fund’s stock after acquiring an additional 1,150 shares during the period. SPDR Gold Shares comprises approximately 4.1% of DHK Financial Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. DHK Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $5,797,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares during the second quarter valued at approximately $25,000. Frazier Financial Advisors LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in SPDR Gold Shares during the fourth quarter valued at about $27,000. Finally, Private Ocean LLC grew its stake in SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $238.66 on Tuesday. The company’s 50-day simple moving average is $227.51 and its 200-day simple moving average is $217.96. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $239.28.

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).