Garden State Investment Advisory Services LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.4% during the 2nd quarter, Holdings Channel reports. The firm owned 4,516 shares of the exchange traded fund’s stock after buying an additional 149 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in SPDR Gold Shares were worth $971,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in GLD. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares in the second quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the 1st quarter valued at $26,000. Private Ocean LLC boosted its position in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares during the second quarter worth $29,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at $26,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 1.3 %
SPDR Gold Shares stock opened at $242.21 on Friday. The business’s 50-day simple moving average is $228.91 and its 200 day simple moving average is $218.86. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $242.63.
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).
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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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