SPDR Gold Shares (NYSEARCA:GLD) is Redhawk Wealth Advisors Inc.’s 5th Largest Position

Redhawk Wealth Advisors Inc. grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 28.8% in the fourth quarter, Holdings Channel reports. The fund owned 114,484 shares of the exchange traded fund’s stock after purchasing an additional 25,624 shares during the period. SPDR Gold Shares accounts for about 3.7% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 5th largest holding. Redhawk Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $27,720,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Semmax Financial Advisors Inc. increased its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Finally, Sugarloaf Wealth Management LLC raised its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

Shares of SPDR Gold Shares stock opened at $248.88 on Thursday. The stock has a 50 day moving average of $243.74 and a 200 day moving average of $237.81. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.

About SPDR Gold Shares

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).