Investment Advisory Group LLC Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Investment Advisory Group LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,026 shares of the exchange traded fund’s stock after buying an additional 155 shares during the period. Investment Advisory Group LLC’s holdings in SPDR Gold Shares were worth $733,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GLD. Semmax Financial Advisors Inc. raised its position in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the third quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $253.13 on Wednesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The stock’s 50 day simple moving average is $244.25 and its 200 day simple moving average is $238.96.

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).