Essex Financial Services Inc. Has $22.93 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Essex Financial Services Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,305 shares of the exchange traded fund’s stock after acquiring an additional 1,723 shares during the period. SPDR Gold Shares comprises about 1.1% of Essex Financial Services Inc.’s investment portfolio, making the stock its 13th largest position. Essex Financial Services Inc.’s holdings in SPDR Gold Shares were worth $22,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of GLD. Obermeyer Wood Investment Counsel Lllp lifted its holdings in SPDR Gold Shares by 4.4% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock valued at $2,504,000 after purchasing an additional 490 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 5.1% in the second quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $1,063,000 after acquiring an additional 239 shares during the last quarter. RDA Financial Network boosted its holdings in shares of SPDR Gold Shares by 1.8% in the 3rd quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares in the last quarter. Mission Wealth Management LP grew its position in SPDR Gold Shares by 10.8% during the 1st quarter. Mission Wealth Management LP now owns 5,251 shares of the exchange traded fund’s stock worth $1,080,000 after acquiring an additional 512 shares during the last quarter. Finally, CCG Wealth Management LLC acquired a new stake in SPDR Gold Shares during the 1st quarter valued at $814,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $253.32 on Friday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $253.94. The stock’s fifty day moving average is $240.12 and its 200-day moving average is $226.35.

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).