Foguth Wealth Management LLC. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,189 shares of the exchange traded fund’s stock after buying an additional 599 shares during the period. Foguth Wealth Management LLC.’s holdings in SPDR Gold Shares were worth $1,071,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of GLD. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the third quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares in the 3rd quarter worth $38,000. Sugarloaf Wealth Management LLC grew its position in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new position in SPDR Gold Shares during the third quarter worth $40,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 1.0 %
Shares of NYSEARCA GLD opened at $262.50 on Wednesday. The company has a 50-day moving average price of $247.12 and a 200-day moving average price of $241.33. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $262.54.
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).
See Also
- Five stocks we like better than SPDR Gold Shares
- 3 Tickers Leading a Meme Stock Revival
- Market Volatility Creates Opportunity in These 3 Value Stocks
- What is a Stock Market Index and How Do You Use Them?
- Visa and Mastercard Remain Strong Plays as Consumers Keep Swiping
- Stock Splits, Do They Really Impact Investors?
- 2 High-Yield Consumer Staples Stocks Ready to Deliver Big Returns
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
