Genesis Private Wealth LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Genesis Private Wealth LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,027 shares of the exchange traded fund’s stock, valued at approximately $6,544,000. SPDR Gold Shares comprises approximately 3.6% of Genesis Private Wealth LLC’s investment portfolio, making the stock its 6th largest position.

Other hedge funds have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. increased its holdings 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 valued at $25,000 after buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in SPDR Gold Shares during the third quarter valued at approximately $38,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in SPDR Gold Shares by 78.9% during the third 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 last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.5 %

Shares of GLD stock opened at $253.13 on Wednesday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The company has a 50 day simple moving average of $243.99 and a two-hundred day simple moving average of $238.73.

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).