Centricity Wealth Management LLC Purchases New Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Centricity Wealth Management LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel.com reports. The fund acquired 10,476 shares of the exchange traded fund’s stock, valued at approximately $2,537,000. SPDR Gold Shares comprises approximately 2.4% of Centricity Wealth Management LLC’s holdings, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $806,000. Greenleaf Trust raised its holdings in SPDR Gold Shares by 29.2% in the third quarter. Greenleaf Trust now owns 4,361 shares of the exchange traded fund’s stock worth $1,060,000 after buying an additional 985 shares during the last quarter. International Assets Investment Management LLC raised its holdings in SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Tanager Wealth Management LLP bought a new position in shares of SPDR Gold Shares in the third quarter worth approximately $200,000. Finally, Patrick M Sweeney & Associates Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $270.99 on Friday. SPDR Gold Shares has a twelve month low of $187.05 and a twelve month high of $271.84. The company has a 50 day moving average of $252.48 and a 200 day moving average of $244.82.

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).