AlphaCore Capital LLC Grows Stake in SPDR Gold Shares (NYSEARCA:GLD)

AlphaCore Capital LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.8% in the third quarter, Holdings Channel.com reports. The fund owned 100,302 shares of the exchange traded fund’s stock after buying an additional 12,945 shares during the quarter. SPDR Gold Shares comprises about 5.5% of AlphaCore Capital LLC’s portfolio, making the stock its 3rd largest holding. AlphaCore Capital LLC’s holdings in SPDR Gold Shares were worth $24,379,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLD. Ameritas Investment Partners Inc. increased its holdings in SPDR Gold Shares by 19.5% during the first quarter. Ameritas Investment Partners Inc. now owns 890 shares of the exchange traded fund’s stock valued at $183,000 after buying an additional 145 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of SPDR Gold Shares by 15.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,905 shares of the exchange traded fund’s stock worth $803,000 after buying an additional 513 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of SPDR Gold Shares by 5.2% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 2,028 shares of the exchange traded fund’s stock worth $417,000 after acquiring an additional 100 shares in the last quarter. LRI Investments LLC purchased a new stake in SPDR Gold Shares during the first quarter valued at approximately $349,000. Finally, Kestra Advisory Services LLC boosted its stake in SPDR Gold Shares by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 175,380 shares of the exchange traded fund’s stock valued at $36,079,000 after acquiring an additional 1,369 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8 %

Shares of GLD stock opened at $246.66 on Friday. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71. The business’s fifty day simple moving average is $245.81 and its 200-day simple moving average is $230.27.

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).