Raleigh Capital Management Inc. Has $1.64 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Raleigh Capital Management Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 62.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,731 shares of the exchange traded fund’s stock after purchasing an additional 2,576 shares during the period. Raleigh Capital Management Inc.’s holdings in SPDR Gold Shares were worth $1,636,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GLD. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. raised its stake in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $26,000. Private Ocean LLC lifted its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Security National Bank acquired a new stake in shares of SPDR Gold Shares during the 1st quarter valued at about $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $251.23 on Tuesday. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $253.14. The company’s 50-day simple moving average is $238.17 and its 200 day simple moving average is $225.40.

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).