CWS Financial Advisors LLC Raises Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

CWS Financial Advisors LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 20.8% in the third quarter, Holdings Channel reports. The firm owned 2,320 shares of the exchange traded fund’s stock after buying an additional 400 shares during the period. CWS Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Price T Rowe Associates Inc. MD purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at $309,000. Burney Co. bought a new position in SPDR Gold Shares in the first quarter worth about $205,000. Pathway Financial Advisers LLC bought a new position in SPDR Gold Shares in the first quarter worth about $229,000. Hamilton Wealth LLC lifted its position in shares of SPDR Gold Shares by 6.3% during the first quarter. Hamilton Wealth LLC now owns 51,224 shares of the exchange traded fund’s stock valued at $10,538,000 after buying an additional 3,049 shares during the last quarter. Finally, OMC Financial Services LTD bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $7,789,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.2 %

NYSEARCA GLD opened at $243.49 on Friday. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week high of $257.71. The company has a 50 day moving average price of $246.46 and a 200 day moving average price of $231.27.

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).