Legacy Capital Group California Inc. Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Legacy Capital Group California Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,627 shares of the exchange traded fund’s stock after acquiring an additional 88 shares during the period. Legacy Capital Group California Inc.’s holdings in SPDR Gold Shares were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ardent Capital Management Inc. boosted its position in shares of SPDR Gold Shares by 40.0% in the fourth quarter. Ardent Capital Management Inc. now owns 1,400 shares of the exchange traded fund’s stock worth $339,000 after purchasing an additional 400 shares during the period. One Day In July LLC lifted its stake in shares of SPDR Gold Shares by 31.8% during the 4th quarter. One Day In July LLC now owns 1,265 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 305 shares in the last quarter. Advyzon Investment Management LLC bought a new position in SPDR Gold Shares in the 4th quarter worth $225,000. WealthBridge Capital Management LLC increased its stake in SPDR Gold Shares by 3.1% in the 4th quarter. WealthBridge Capital Management LLC now owns 20,783 shares of the exchange traded fund’s stock worth $5,032,000 after buying an additional 633 shares in the last quarter. Finally, Wealth Alliance raised its holdings in SPDR Gold Shares by 4.1% during the fourth quarter. Wealth Alliance now owns 2,559 shares of the exchange traded fund’s stock valued at $620,000 after acquiring an additional 100 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $270.74 on Friday. SPDR Gold Shares has a 12 month low of $187.05 and a 12 month high of $271.84. The stock’s 50 day moving average is $253.00 and its 200 day moving average is $245.15.

About SPDR Gold Shares

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).