Andrew Hill Investment Advisors Inc. Purchases New Stake in SPDR Gold Shares (NYSEARCA:GLD)

Andrew Hill Investment Advisors Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,748 shares of the exchange traded fund’s stock, valued at approximately $1,099,000.

Other institutional investors have also modified their holdings of the company. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $25,000. Private Ocean LLC boosted its stake in 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 grew its holdings in shares of 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 valued at $31,000 after purchasing an additional 140 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $34,000. Finally, Worth Asset Management LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.6 %

NYSEARCA:GLD traded up $1.25 during midday trading on Friday, reaching $221.59. 4,238,636 shares of the company traded hands, compared to its average volume of 7,829,383. The company has a fifty day moving average price of $200.89 and a 200 day moving average price of $190.48. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.09.

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).