Drake & Associates LLC Boosts Position in SPDR Gold Shares (NYSEARCA:GLD)

Drake & Associates LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 34,061 shares of the exchange traded fund’s stock after purchasing an additional 130 shares during the period. SPDR Gold Shares accounts for 2.7% of Drake & Associates LLC’s holdings, making the stock its 15th biggest holding. Drake & Associates LLC’s holdings in SPDR Gold Shares were worth $6,511,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $25,000. Johnson Midwest Financial LLC lifted its stake in SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 140 shares during the last quarter. Private Ocean LLC lifted its stake in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. First Command Advisory Services Inc. bought a new position in SPDR Gold Shares during the third quarter worth $34,000. Finally, Worth Asset Management LLC bought a new stake in shares of SPDR Gold Shares during the first quarter valued at about $36,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded up $0.27 during midday trading on Monday, reaching $217.16. 5,273,539 shares of the company traded hands, compared to its average volume of 7,695,520. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09. The stock has a 50-day moving average price of $198.31 and a 200 day moving average price of $189.37.

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).