Rehmann Capital Advisory Group Buys 47 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Rehmann Capital Advisory Group grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 0.3% in the third quarter, HoldingsChannel.com reports. The fund owned 17,275 shares of the exchange traded fund’s stock after acquiring an additional 47 shares during the period. Rehmann Capital Advisory Group’s holdings in SPDR Gold Shares were worth $4,280,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares in the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. lifted its position in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC lifted its holdings in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $28,000. Finally, Chris Bulman Inc acquired a new position in SPDR Gold Shares during the 2nd quarter worth approximately $29,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.3 %

NYSEARCA GLD opened at $248.53 on Wednesday. The firm’s 50 day moving average is $246.41 and its 200-day moving average is $232.59. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

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).