Tcfg Wealth Management LLC Purchases 180 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Tcfg Wealth Management LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,591 shares of the exchange traded fund’s stock after acquiring an additional 180 shares during the period. Tcfg Wealth Management LLC’s holdings in SPDR Gold Shares were worth $869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $31,000. PayPay Securities Corp raised its holdings in shares of SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $38,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $266.29 on Friday. The firm has a 50 day moving average price of $250.74 and a 200-day moving average price of $243.57. SPDR Gold Shares has a twelve month low of $184.84 and a twelve month high of $270.39.

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).