Gradient Capital Advisors LLC Acquires 42 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Gradient Capital Advisors LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,743 shares of the exchange traded fund’s stock after acquiring an additional 42 shares during the quarter. Gradient Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,391,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GLD. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter worth $38,000. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $39,000. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.4 %

Shares of NYSEARCA GLD opened at $267.39 on Wednesday. The company has a fifty day moving average price of $248.80 and a 200 day moving average price of $242.56. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $268.66.

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).