Summit Financial Strategies Inc. Acquires 165 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Summit Financial Strategies Inc. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,080 shares of the exchange traded fund’s stock after purchasing an additional 165 shares during the period. Summit Financial Strategies Inc.’s holdings in SPDR Gold Shares were worth $2,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in SPDR Gold Shares by 5.1% during the 4th quarter. International Assets Investment Management LLC now owns 12,748 shares of the exchange traded fund’s stock worth $2,437,000 after acquiring an additional 617 shares during the last quarter. Wealth Alliance bought a new stake in SPDR Gold Shares during the 4th quarter worth $408,000. Avior Wealth Management LLC grew its position in SPDR Gold Shares by 5.5% during the 4th quarter. Avior Wealth Management LLC now owns 3,810 shares of the exchange traded fund’s stock worth $728,000 after acquiring an additional 200 shares during the last quarter. Alpha Omega Wealth Management LLC grew its position in SPDR Gold Shares by 3.8% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 1,758 shares of the exchange traded fund’s stock worth $336,000 after acquiring an additional 64 shares during the last quarter. Finally, Telos Capital Management Inc. grew its position in SPDR Gold Shares by 265.4% during the 4th quarter. Telos Capital Management Inc. now owns 6,801 shares of the exchange traded fund’s stock worth $1,300,000 after acquiring an additional 4,940 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 2.2 %

GLD stock traded up $5.08 during midday trading on Friday, reaching $231.99. 11,924,536 shares of the stock were exchanged, compared to its average volume of 7,228,174. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $232.02. The company has a fifty day moving average price of $220.39 and a 200 day moving average price of $211.14.

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).