Blackston Financial Advisory Group LLC Has $340,000 Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Blackston Financial Advisory Group LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,405 shares of the exchange traded fund’s stock after purchasing an additional 534 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in SPDR Gold Shares were worth $340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GLD. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $28,000. Roxbury Financial LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at about $31,000. PayPay Securities Corp increased its stake in 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 acquiring an additional 47 shares during the period. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Finally, Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $38,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $270.74 on Friday. The stock’s 50 day simple moving average is $253.00 and its 200-day simple moving average is $245.15. SPDR Gold Shares has a 1 year low of $187.05 and a 1 year high of $271.84.

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).