Centennial Wealth Advisory LLC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Centennial Wealth Advisory LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,395 shares of the exchange traded fund’s stock after purchasing an additional 219 shares during the quarter. SPDR Gold Shares accounts for about 0.8% of Centennial Wealth Advisory LLC’s investment portfolio, making the stock its 21st largest position. Centennial Wealth Advisory LLC’s holdings in SPDR Gold Shares were worth $2,041,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norden Group LLC bought a new stake in shares of SPDR Gold Shares in the first quarter worth about $436,000. Daiwa Securities Group Inc. grew its holdings in SPDR Gold Shares by 3.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 12,650 shares of the exchange traded fund’s stock valued at $2,602,000 after purchasing an additional 450 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $1,065,000. Howland Capital Management LLC increased its stake in SPDR Gold Shares by 0.5% in the first quarter. Howland Capital Management LLC now owns 22,236 shares of the exchange traded fund’s stock worth $4,574,000 after purchasing an additional 101 shares during the period. Finally, Kades & Cheifetz LLC bought a new stake in shares of SPDR Gold Shares during the first quarter worth $201,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock traded down $7.09 during mid-day trading on Wednesday, reaching $246.31. The company had a trading volume of 5,335,719 shares, compared to its average volume of 6,949,710. The firm has a 50 day moving average of $243.23 and a 200 day moving average of $228.11. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month 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).