1,891 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,891 shares of the exchange traded fund’s stock, valued at approximately $460,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC boosted its position in shares of SPDR Gold Shares by 9.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 1,578 shares of the exchange traded fund’s stock valued at $384,000 after acquiring an additional 133 shares during the period. International Private Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares by 51.7% in the third quarter. International Private Wealth Advisors LLC now owns 4,172 shares of the exchange traded fund’s stock valued at $1,014,000 after acquiring an additional 1,422 shares during the period. Snider Financial Group bought a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $202,000. Huntington National Bank boosted its position in shares of SPDR Gold Shares by 4.1% in the third quarter. Huntington National Bank now owns 30,581 shares of the exchange traded fund’s stock valued at $7,433,000 after acquiring an additional 1,207 shares during the period. Finally, BCM Advisors LLC boosted its position in shares of SPDR Gold Shares by 1.5% in the third quarter. BCM Advisors LLC now owns 244,740 shares of the exchange traded fund’s stock valued at $61,878,000 after acquiring an additional 3,646 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $237.01 on Friday. SPDR Gold Shares has a 1-year low of $181.31 and a 1-year high of $257.71. The business has a 50 day moving average of $244.74 and a 200-day moving average of $229.21.

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).