Capital Investment Advisory Services LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Capital Investment Advisory Services LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 27,405 shares of the exchange traded fund’s stock after buying an additional 326 shares during the period. Capital Investment Advisory Services LLC’s holdings in SPDR Gold Shares were worth $6,636,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the 3rd quarter worth $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter worth about $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC raised its position in shares of SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4 %

GLD opened at $254.20 on Thursday. The firm’s fifty day moving average price is $245.79 and its 200 day moving average price is $240.16. 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).