HCR Wealth Advisors grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,850 shares of the exchange traded fund’s stock after acquiring an additional 455 shares during the period. HCR Wealth Advisors’ holdings in SPDR Gold Shares were worth $4,080,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Semmax Financial Advisors Inc. boosted its stake in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 78.9% in the 3rd 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 during the period. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Stock Up 0.7 %
Shares of SPDR Gold Shares stock opened at $248.88 on Thursday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business has a 50-day simple moving average of $243.74 and a 200 day simple moving average of $237.81.
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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