Allen Capital Group LLC Has $505,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Allen Capital Group LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.5% in the fourth quarter, Holdings Channel reports. The firm owned 2,641 shares of the exchange traded fund’s stock after purchasing an additional 185 shares during the quarter. Allen Capital Group LLC’s holdings in SPDR Gold Shares were worth $505,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $24,420,000. Covestor Ltd raised its stake in shares of SPDR Gold Shares by 69.4% in the first quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 218 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of SPDR Gold Shares by 18.6% in the first quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock valued at $501,000 after acquiring an additional 435 shares during the last quarter. First Western Trust Bank bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $256,000. Finally, Prudential Financial Inc. raised its stake in shares of SPDR Gold Shares by 32.5% in the first quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock valued at $6,666,000 after acquiring an additional 9,049 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.0 %

NYSEARCA:GLD opened at $221.26 on Wednesday. The firm has a 50 day moving average of $199.63 and a 200-day moving average of $190.06. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.09.

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).