Ellenbecker Investment Group raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 29.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,121 shares of the exchange traded fund’s stock after purchasing an additional 254 shares during the quarter. Ellenbecker Investment Group’s holdings in SPDR Gold Shares were worth $271,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Gunderson Capital Management Inc. boosted its stake in SPDR Gold Shares by 8.8% in the fourth quarter. Gunderson Capital Management Inc. now owns 5,264 shares of the exchange traded fund’s stock valued at $1,275,000 after buying an additional 426 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of SPDR Gold Shares by 31.8% in the 4th quarter. AdvisorNet Financial Inc now owns 49,592 shares of the exchange traded fund’s stock valued at $12,008,000 after purchasing an additional 11,954 shares in the last quarter. Granite Bay Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 3.6% during the 4th quarter. Granite Bay Wealth Management LLC now owns 10,406 shares of the exchange traded fund’s stock valued at $2,520,000 after purchasing an additional 365 shares during the last quarter. Benson Investment Management Company Inc. acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $5,435,000. Finally, Tsfg LLC increased its position in SPDR Gold Shares by 40.6% during the 4th quarter. Tsfg LLC now owns 3,590 shares of the exchange traded fund’s stock worth $869,000 after purchasing an additional 1,036 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of SPDR Gold Shares stock opened at $245.74 on Tuesday. The company’s 50 day moving average price is $243.87 and its two-hundred day moving average price is $237.59. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.
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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