SPDR Gold Shares (NYSEARCA:GLD) Stock Position Raised by Ardent Capital Management Inc.

Ardent Capital Management Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 40.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,400 shares of the exchange traded fund’s stock after purchasing an additional 400 shares during the quarter. Ardent Capital Management Inc.’s holdings in SPDR Gold Shares were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. One Day In July LLC grew its position in SPDR Gold Shares by 31.8% in the 4th quarter. One Day In July LLC now owns 1,265 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 305 shares during the last quarter. Advyzon Investment Management LLC bought a new position in SPDR Gold Shares in the 4th quarter worth about $225,000. WealthBridge Capital Management LLC grew its position in SPDR Gold Shares by 3.1% in the 4th quarter. WealthBridge Capital Management LLC now owns 20,783 shares of the exchange traded fund’s stock worth $5,032,000 after purchasing an additional 633 shares during the last quarter. Wealth Alliance grew its position in SPDR Gold Shares by 4.1% in the 4th quarter. Wealth Alliance now owns 2,559 shares of the exchange traded fund’s stock worth $620,000 after purchasing an additional 100 shares during the last quarter. Finally, Cumberland Partners Ltd grew its position in SPDR Gold Shares by 6.3% in the 4th quarter. Cumberland Partners Ltd now owns 11,785 shares of the exchange traded fund’s stock worth $2,854,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $270.99 on Friday. SPDR Gold Shares has a 52 week low of $187.05 and a 52 week high of $271.84. The company has a 50-day moving average price of $252.48 and a two-hundred day moving average price of $244.82.

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).