Vance Wealth Inc. Purchases 95 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Vance Wealth Inc. raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,632 shares of the exchange traded fund’s stock after purchasing an additional 95 shares during the period. Vance Wealth Inc.’s holdings in SPDR Gold Shares were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. TKG Advisors LLC grew its position in SPDR Gold Shares by 0.7% during the fourth quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after buying an additional 110 shares in the last quarter. City Holding Co. raised its stake in SPDR Gold Shares by 5.6% in the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 195 shares in the last quarter. Ndwm LLC bought a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $546,000. St. Johns Investment Management Company LLC grew its stake in SPDR Gold Shares by 5.7% in the 1st quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after buying an additional 1,492 shares in the last quarter. Finally, Independent Advisor Alliance increased its holdings in shares of SPDR Gold Shares by 32.2% in the 4th quarter. Independent Advisor Alliance now owns 98,074 shares of the exchange traded fund’s stock worth $18,749,000 after buying an additional 23,883 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $230.44 on Thursday. The firm’s fifty day moving average price is $224.77 and its 200-day moving average price is $215.17. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $234.01.

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).