First City Capital Management Inc. Has $864,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

First City Capital Management Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 14.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,570 shares of the exchange traded fund’s stock after buying an additional 450 shares during the quarter. First City Capital Management Inc.’s holdings in SPDR Gold Shares were worth $864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RDA Financial Network boosted its holdings in SPDR Gold Shares by 1.8% during the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of SPDR Gold Shares by 10.1% in the 2nd quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after buying an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC grew its holdings in shares of SPDR Gold Shares by 0.8% in the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after acquiring an additional 50 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $564,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in SPDR Gold Shares by 25.4% during the third quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock worth $499,000 after acquiring an additional 416 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 0.7 %

NYSEARCA:GLD traded down $1.61 during trading on Friday, reaching $243.81. The company’s stock had a trading volume of 3,233,144 shares, compared to its average volume of 4,640,507. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The firm has a 50 day moving average of $245.11 and a 200-day moving average of $235.81.

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).