BCM Advisors LLC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

BCM Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 244,740 shares of the exchange traded fund’s stock after buying an additional 3,646 shares during the quarter. SPDR Gold Shares comprises 14.3% of BCM Advisors LLC’s portfolio, making the stock its 2nd largest holding. BCM Advisors LLC’s holdings in SPDR Gold Shares were worth $61,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Semmax Financial Advisors Inc. lifted its position in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Private Ocean LLC grew its stake 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 acquiring an additional 76 shares in the last quarter. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares during the second quarter worth approximately $29,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 1.0 %

Shares of NYSEARCA GLD opened at $237.64 on Thursday. SPDR Gold Shares has a 52-week low of $181.31 and a 52-week high of $257.71. The stock has a 50 day moving average price of $244.59 and a 200 day moving average price of $229.15.

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).