Savvy Advisors Inc. Has $1.70 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Savvy Advisors Inc. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 56.0% in the 3rd quarter, Holdings Channel reports. The firm owned 6,991 shares of the exchange traded fund’s stock after acquiring an additional 2,510 shares during the period. Savvy Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,699,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GLD. Triad Wealth Partners LLC bought a new position in SPDR Gold Shares in the second quarter valued at about $25,000. Semmax Financial Advisors Inc. raised its holdings in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the last quarter. Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $28,000. Finally, Chris Bulman Inc acquired a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.4 %

Shares of NYSEARCA:GLD opened at $241.11 on Tuesday. The firm’s fifty day moving average is $244.40 and its 200-day moving average is $228.99. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $257.71.

SPDR Gold Shares Company 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).