SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by Avondale Wealth Management

Avondale Wealth Management lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,102 shares of the exchange traded fund’s stock after acquiring an additional 300 shares during the quarter. Avondale Wealth Management’s holdings in SPDR Gold Shares were worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GLD. RDA Financial Network increased its stake in SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 88 shares during the period. Advance Capital Management Inc. grew its stake in SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares in the last quarter. Centaurus Financial Inc. grew its stake in SPDR Gold Shares by 10.1% during the 2nd quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after purchasing an additional 3,630 shares in the last quarter. Inspirion Wealth Advisors LLC increased its holdings in SPDR Gold Shares by 0.8% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock worth $1,502,000 after purchasing an additional 50 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at about $564,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of GLD stock traded up $2.63 during trading hours on Friday, reaching $248.49. 5,159,651 shares of the stock were exchanged, compared to its average volume of 5,019,027. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71. The business’s fifty day moving average is $244.10 and its two-hundred day moving average is $236.81.

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).