Wealth Alliance Buys New Shares in SPDR Gold Shares (NYSEARCA:GLD)

Wealth Alliance bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,136 shares of the exchange traded fund’s stock, valued at approximately $408,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Personal Financial Services bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at $25,000. Private Ocean LLC boosted its position in shares of SPDR Gold Shares by 232.7% in the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Johnson Midwest Financial LLC boosted its position in shares of SPDR Gold Shares by 350.0% in the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 140 shares during the period. First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at about $34,000. Finally, Worth Asset Management LLC acquired a new position in SPDR Gold Shares in the first quarter valued at about $36,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.7 %

GLD stock opened at $219.59 on Thursday. The business has a 50-day simple moving average of $200.25 and a 200 day simple moving average of $190.27. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09.

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).