Latitude Advisors LLC Buys 1,228 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Latitude Advisors LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the 4th quarter, HoldingsChannel reports. The firm owned 15,584 shares of the exchange traded fund’s stock after purchasing an additional 1,228 shares during the period. SPDR Gold Shares makes up about 2.1% of Latitude Advisors LLC’s holdings, making the stock its 7th largest holding. Latitude Advisors LLC’s holdings in SPDR Gold Shares were worth $3,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Ritholtz Wealth Management raised its holdings in SPDR Gold Shares by 11.2% in the 3rd quarter. Ritholtz Wealth Management now owns 6,045 shares of the exchange traded fund’s stock valued at $1,469,000 after acquiring an additional 611 shares during the last quarter. Annex Advisory Services LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $445,000. Carnegie Investment Counsel increased its stake in shares of SPDR Gold Shares by 3.1% during the 3rd quarter. Carnegie Investment Counsel now owns 7,599 shares of the exchange traded fund’s stock valued at $1,847,000 after acquiring an additional 230 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of SPDR Gold Shares by 12.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 2,686 shares of the exchange traded fund’s stock worth $653,000 after acquiring an additional 307 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its position in shares of SPDR Gold Shares by 191.0% in the third quarter. Redhawk Wealth Advisors Inc. now owns 88,860 shares of the exchange traded fund’s stock worth $21,598,000 after acquiring an additional 58,326 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.7 %

Shares of GLD stock opened at $268.37 on Tuesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $268.66. The company has a 50 day moving average price of $248.30 and a 200 day moving average price of $242.21.

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).