SPDR Gold Shares (NYSEARCA:GLD) Position Increased by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,695 shares of the exchange traded fund’s stock after purchasing an additional 66 shares during the quarter. SPDR Gold Shares comprises about 2.1% of Alliance Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. Alliance Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $3,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GLD. AlphaStar Capital Management LLC increased its position in SPDR Gold Shares by 47.8% during the 4th quarter. AlphaStar Capital Management LLC now owns 7,578 shares of the exchange traded fund’s stock worth $1,835,000 after purchasing an additional 2,451 shares in the last quarter. Empirical Finance LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $471,000. Moloney Securities Asset Management LLC grew its position in shares of SPDR Gold Shares by 1.2% in the fourth quarter. Moloney Securities Asset Management LLC now owns 7,799 shares of the exchange traded fund’s stock valued at $1,888,000 after purchasing an additional 95 shares during the period. Hobart Private Capital LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at $1,410,000. Finally, Sanchez Wealth Management Group purchased a new position in SPDR Gold Shares during the fourth quarter worth about $253,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD 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 stock’s 50-day moving average price is $248.30 and its two-hundred day moving average price is $241.93.

SPDR Gold Shares Company Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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