Wealth Alliance Has $620,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Wealth Alliance grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,559 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the period. Wealth Alliance’s holdings in SPDR Gold Shares were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Romano Brothers AND Company boosted its stake in shares of SPDR Gold Shares by 1.0% in the 3rd 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 in the last quarter. Clarus Group Inc. boosted its stake in shares of SPDR Gold Shares by 2.2% in the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC boosted its stake in shares of 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 valued at $1,780,000 after purchasing an additional 41 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 41 shares during the period. Finally, Gradient Capital Advisors LLC boosted its position in SPDR Gold Shares by 0.7% during the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock worth $1,391,000 after buying an additional 42 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.1 %

NYSEARCA:GLD opened at $270.99 on Friday. The firm’s 50 day simple moving average is $252.48 and its 200 day simple moving average is $244.82. SPDR Gold Shares has a one year low of $187.05 and a one year high of $271.84.

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).