Kingswood Wealth Advisors LLC Has $4.63 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Kingswood Wealth Advisors LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 37.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,137 shares of the exchange traded fund’s stock after purchasing an additional 5,234 shares during the period. Kingswood Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $4,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. RDA Financial Network raised its position in SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 88 shares in the last quarter. Advance Capital Management Inc. boosted its holdings in SPDR Gold Shares by 9.4% in the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares in the last quarter. Centaurus Financial Inc. increased its position in SPDR Gold Shares by 10.1% during the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after buying an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC increased its position in SPDR Gold Shares by 0.8% during the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock worth $1,502,000 after buying an additional 50 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in SPDR Gold Shares during the third quarter valued at about $564,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.6 %

GLD opened at $255.65 on Monday. The stock has a 50-day moving average of $245.31 and a 200-day moving average of $239.58. 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).