Dover Advisors LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

Dover Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,234 shares of the exchange traded fund’s stock after acquiring an additional 199 shares during the quarter. Dover Advisors LLC’s holdings in SPDR Gold Shares were worth $541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Clarus Group Inc. lifted its holdings in shares of SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock worth $442,000 after acquiring an additional 40 shares during the last quarter. Magnus Financial Group LLC raised its position in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares during the period. Pittenger & Anderson Inc. lifted its stake in SPDR Gold Shares by 25.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 41 shares during the last quarter. Gradient Capital Advisors LLC lifted its stake in SPDR Gold Shares by 0.7% in the fourth quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock worth $1,391,000 after purchasing an additional 42 shares during the last quarter. Finally, Spinnaker Trust boosted its position in shares of SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.1 %

Shares of NYSEARCA GLD opened at $270.74 on Monday. SPDR Gold Shares has a fifty-two week low of $187.05 and a fifty-two week high of $271.84. The business’s 50 day moving average price is $253.00 and its 200-day moving average price is $245.50.

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).