Shepherd Financial Partners LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Shepherd Financial Partners LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,011 shares of the exchange traded fund’s stock, valued at approximately $245,000.

Other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC lifted its position in SPDR Gold Shares by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 64,674 shares of the exchange traded fund’s stock valued at $15,659,000 after purchasing an additional 3,356 shares during the period. RDA Financial Network grew its holdings in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares during the period. Advance Capital Management Inc. increased its position in SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after acquiring an additional 316 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $564,000. Finally, Beaird Harris Wealth Management LLC increased its position in shares of SPDR Gold Shares by 25.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $499,000 after purchasing an additional 416 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.2 %

Shares of GLD stock opened at $263.90 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $266.35. The company has a 50 day simple moving average of $247.93 and a two-hundred day simple moving average of $241.64.

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).