SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 19.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,606 shares of the exchange traded fund’s stock after acquiring an additional 427 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in SPDR Gold Shares were worth $498,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Miracle Mile Advisors LLC grew its holdings in shares of SPDR Gold Shares by 33.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,401 shares of the exchange traded fund’s stock worth $459,000 after acquiring an additional 607 shares during the last quarter. Syon Capital LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $6,972,000. Raymond James & Associates boosted its position in shares of SPDR Gold Shares by 0.5% in the fourth quarter. Raymond James & Associates now owns 844,620 shares of the exchange traded fund’s stock worth $161,466,000 after buying an additional 4,242 shares during the period. Marks Wealth LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $33,299,000. Finally, Planned Solutions Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $65,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded up $0.70 during midday trading on Friday, hitting $216.62. The company’s stock had a trading volume of 6,268,504 shares, compared to its average volume of 11,521,039. The stock has a 50-day simple moving average of $204.56 and a 200-day simple moving average of $192.56. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09.

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).