HB Wealth Management LLC Has $12.30 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

HB Wealth Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,814 shares of the exchange traded fund’s stock after purchasing an additional 2,492 shares during the period. HB Wealth Management LLC’s holdings in SPDR Gold Shares were worth $12,304,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLD. Semmax Financial Advisors Inc. raised its stake in shares of 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 acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in shares of SPDR Gold Shares in the third quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC boosted its stake in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.5 %

SPDR Gold Shares stock traded down $1.33 on Friday, hitting $249.27. The company’s stock had a trading volume of 8,284,130 shares, compared to its average volume of 4,497,129. The company has a fifty day moving average price of $243.82 and a 200-day moving average price of $237.98. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

SPDR Gold Shares 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).