Wealth Alliance Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Wealth Alliance raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 36.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,959 shares of the exchange traded fund’s stock after buying an additional 798 shares during the quarter. Wealth Alliance’s holdings in SPDR Gold Shares were worth $636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares in the second quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares in the first quarter worth about $26,000. Gold Investment Management Ltd. purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $27,000. Finally, Private Ocean LLC raised its stake in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $235.51 on Thursday. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $240.29. The business has a 50-day moving average price of $228.21 and a 200-day moving average price of $218.39.

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).