Hollencrest Capital Management Has $1.02 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Hollencrest Capital Management lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,215 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the period. Hollencrest Capital Management’s holdings in SPDR Gold Shares were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Romano Brothers AND Company lifted its stake in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. raised its stake in SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust raised its stake in SPDR Gold Shares by 1.1% during 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. Compton Wealth Advisory Group LLC raised its stake in SPDR Gold Shares by 3.2% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares during the last quarter. Finally, Ballast Inc. raised its stake in SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded down $1.33 during trading hours on Friday, hitting $248.32. 1,536,538 shares of the company traded hands, compared to its average volume of 6,982,866. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $257.71. The firm has a 50-day moving average of $243.51 and a 200 day moving average of $228.24.

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).