Welch Group LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,764 shares of the exchange traded fund’s stock after acquiring an additional 105 shares during the period. Welch Group LLC’s holdings in SPDR Gold Shares were worth $1,868,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the third quarter worth $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the third quarter worth $38,000. Sugarloaf Wealth Management LLC raised its holdings in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter worth about $40,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of NYSEARCA GLD opened at $259.94 on Tuesday. The business’s 50-day simple moving average is $246.38 and its 200-day simple moving average is $240.80. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $261.39.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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