CCG Wealth Management LLC Invests $814,000 in SPDR Gold Shares (NYSEARCA:GLD)

CCG Wealth Management LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,955 shares of the exchange traded fund’s stock, valued at approximately $814,000.

Other institutional investors have also made changes to their positions in the company. First Dallas Securities Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at $309,000. Waverly Advisors LLC raised its holdings in SPDR Gold Shares by 9.0% in the third quarter. Waverly Advisors LLC now owns 1,799 shares of the exchange traded fund’s stock valued at $309,000 after acquiring an additional 148 shares in the last quarter. Fairhaven Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 18.3% during the third quarter. Fairhaven Wealth Management LLC now owns 1,771 shares of the exchange traded fund’s stock worth $304,000 after purchasing an additional 274 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of SPDR Gold Shares by 3.5% during the third quarter. Glenmede Trust Co. NA now owns 186,704 shares of the exchange traded fund’s stock worth $32,010,000 after purchasing an additional 6,397 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 1.8% during the third quarter. Axxcess Wealth Management LLC now owns 35,402 shares of the exchange traded fund’s stock worth $6,070,000 after purchasing an additional 639 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.3 %

Shares of NYSEARCA:GLD traded up $0.56 on Monday, reaching $215.57. 3,697,498 shares of the company’s stock were exchanged, compared to its average volume of 7,315,654. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $225.66. The business’s 50-day moving average is $216.20 and its two-hundred day moving average is $202.93.

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).