Tcfg Wealth Management LLC Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Tcfg Wealth Management LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,591 shares of the exchange traded fund’s stock after acquiring an additional 180 shares during the quarter. Tcfg Wealth Management LLC’s holdings in SPDR Gold Shares were worth $869,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Romano Brothers AND Company boosted its stake in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares in the last quarter. Clarus Group Inc. boosted its stake in shares of SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC boosted its stake in shares of SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares in the last quarter. Gradient Capital Advisors LLC boosted its stake in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after purchasing an additional 42 shares in the last quarter. Finally, Spinnaker Trust boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $266.29 on Friday. SPDR Gold Shares has a one year low of $184.84 and a one year high of $270.39. The company’s 50-day simple moving average is $250.74 and its 200 day simple moving average is $243.57.

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).