Gradient Capital Advisors LLC Has $1.39 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Gradient Capital Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,743 shares of the exchange traded fund’s stock after buying an additional 42 shares during the period. Gradient Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,391,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GLD. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Keystone Financial Group Inc. acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $39,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares in the third quarter valued at $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $267.39 on Wednesday. The company’s fifty day simple moving average is $248.80 and its 200 day simple moving average is $242.56. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $268.66.

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).