Avidian Wealth Enterprises LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Avidian Wealth Enterprises LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,880 shares of the exchange traded fund’s stock after buying an additional 267 shares during the period. Avidian Wealth Enterprises LLC’s holdings in SPDR Gold Shares were worth $2,392,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Romano Brothers AND Company increased its position in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares during the period. Clarus Group Inc. increased its holdings in SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 40 shares during the period. Magnus Financial Group LLC raised its position in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares in the last quarter. Gradient Capital Advisors LLC boosted its stake in shares of SPDR Gold Shares by 0.7% in the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 42 shares during the period. Finally, Spinnaker Trust grew its position in shares of SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after buying an additional 43 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $267.39 on Wednesday. The company’s 50 day moving average price is $248.80 and its 200 day moving average price is $242.56. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $268.66.

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).