HHM Wealth Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 125.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,047 shares of the exchange traded fund’s stock after buying an additional 1,695 shares during the period. HHM Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $655,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares in the second quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at about $26,000. Private Ocean LLC raised its holdings in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Chris Bulman Inc purchased a new position in SPDR Gold Shares during the second quarter worth approximately $29,000. Finally, Frazier Financial Advisors LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.4 %
Shares of GLD stock opened at $232.62 on Wednesday. The stock has a 50 day simple moving average of $226.09 and a 200-day simple moving average of $216.61. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $234.01.
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).
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