Modus Advisors LLC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Modus Advisors LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,027 shares of the exchange traded fund’s stock after purchasing an additional 205 shares during the period. Modus Advisors LLC’s holdings in SPDR Gold Shares were worth $1,924,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ADE LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $28,000. Clark Financial Advisors bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $35,000. Fort Pitt Capital Group LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $36,000. Oxler Private Wealth LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $46,000. Finally, Horan Securities Inc. boosted its position in shares of SPDR Gold Shares by 216.9% during the fourth quarter. Horan Securities Inc. now owns 206 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 43.90% of the company’s stock.

Shares of NYSEARCA GLD traded up $1.76 during mid-day trading on Thursday, hitting $164.52. 245,829 shares of the stock traded hands, compared to its average volume of 9,705,011. SPDR Gold Shares has a 52 week low of $154.59 and a 52 week high of $194.45. The stock has a fifty day moving average price of $162.69 and a 200-day moving average price of $171.14.

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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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