Resonant Capital Advisors LLC Invests $401,000 in SPDR Gold Shares (NYSEARCA:GLD)

Resonant Capital Advisors LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,649 shares of the exchange traded fund’s stock, valued at approximately $401,000.

Other large investors have also made changes to their positions in the company. St. Johns Investment Management Company LLC grew its holdings in shares of SPDR Gold Shares by 5.7% during the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after buying an additional 1,492 shares in the last quarter. Traynor Capital Management Inc. grew its stake in SPDR Gold Shares by 19.9% in the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 285 shares during the period. AdvisorNet Financial Inc raised its holdings in SPDR Gold Shares by 6.5% in the 1st quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock valued at $2,528,000 after acquiring an additional 751 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its stake in shares of SPDR Gold Shares by 4.4% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after purchasing an additional 490 shares during the period. Finally, Crane Advisory LLC lifted its stake in shares of SPDR Gold Shares by 16.5% during the 1st quarter. Crane Advisory LLC now owns 1,837 shares of the exchange traded fund’s stock worth $389,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of NYSEARCA:GLD opened at $251.27 on Monday. The business has a fifty day simple moving average of $237.71 and a 200-day simple moving average of $225.12. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $251.37.

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).