Kercheville Advisors LLC Buys 400 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Kercheville Advisors LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.6% during the third quarter, Holdings Channel reports. The fund owned 6,479 shares of the exchange traded fund’s stock after acquiring an additional 400 shares during the period. Kercheville Advisors LLC’s holdings in SPDR Gold Shares were worth $1,575,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Obermeyer Wood Investment Counsel Lllp raised its position in SPDR Gold Shares by 4.4% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after purchasing an additional 490 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of SPDR Gold Shares by 5.1% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $1,063,000 after acquiring an additional 239 shares during the last quarter. RDA Financial Network boosted its holdings in SPDR Gold Shares by 1.8% during the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 88 shares during the period. Mission Wealth Management LP grew its position in SPDR Gold Shares by 10.8% during the 1st quarter. Mission Wealth Management LP now owns 5,251 shares of the exchange traded fund’s stock worth $1,080,000 after acquiring an additional 512 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in SPDR Gold Shares by 32.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,784 shares of the exchange traded fund’s stock worth $10,653,000 after purchasing an additional 12,714 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

Shares of GLD stock opened at $253.32 on Monday. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.94. The stock has a 50 day moving average price of $240.12 and a two-hundred day moving average price of $226.43.

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).