Peddock Capital Advisors LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Peddock Capital Advisors LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 62.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,045 shares of the exchange traded fund’s stock after purchasing an additional 4,234 shares during the quarter. Peddock Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $2,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Romano Brothers AND Company boosted its stake in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its stake in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the period. Spinnaker Trust increased its holdings in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC lifted its stake in shares of SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares during the period. Finally, Acorn Wealth Advisors LLC boosted its holdings in SPDR Gold Shares by 1.4% during the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.0 %

GLD traded down $2.47 on Monday, reaching $245.74. The stock had a trading volume of 8,439,969 shares, compared to its average volume of 6,725,431. The business’s 50-day moving average price is $244.01 and its two-hundred day moving average price is $237.37. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71.

SPDR Gold Shares Company 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).