Accel Wealth Management Has $1.44 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Accel Wealth Management lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 49.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,944 shares of the exchange traded fund’s stock after acquiring an additional 1,965 shares during the quarter. Accel Wealth Management’s holdings in SPDR Gold Shares were worth $1,439,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Romano Brothers AND Company grew its holdings in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares during the last quarter. Delta Financial Group Inc. grew its stake in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares during the last quarter. Magnus Financial Group LLC raised its holdings in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares during the period. Spinnaker Trust raised its holdings in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 43 shares during the period. Finally, Adirondack Trust Co. lifted its position in SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.6 %

Shares of NYSEARCA:GLD opened at $255.65 on Friday. The stock’s 50-day moving average is $245.31 and its 200-day moving average is $239.43. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.

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).