Wealth Enhancement Advisory Services LLC Has $32.88 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Wealth Enhancement Advisory Services LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,828 shares of the exchange traded fund’s stock after purchasing an additional 1,467 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of SPDR Gold Shares worth $32,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Graybill Wealth Management LTD. raised its stake in shares of SPDR Gold Shares by 2.2% in the 1st quarter. Graybill Wealth Management LTD. now owns 38,707 shares of the exchange traded fund’s stock valued at $7,963,000 after purchasing an additional 847 shares during the period. Signet Financial Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at about $231,000. Sage Investment Advisers LLC increased its position in shares of SPDR Gold Shares by 0.6% in the first quarter. Sage Investment Advisers LLC now owns 8,533 shares of the exchange traded fund’s stock valued at $1,755,000 after acquiring an additional 55 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of SPDR Gold Shares by 42.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,474 shares of the exchange traded fund’s stock valued at $1,949,000 after acquiring an additional 2,818 shares during the last quarter. Finally, SMI Advisory Services LLC increased its position in shares of SPDR Gold Shares by 1,578.4% in the first quarter. SMI Advisory Services LLC now owns 44,109 shares of the exchange traded fund’s stock valued at $9,601,000 after acquiring an additional 41,481 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded up $2.41 during midday trading on Thursday, reaching $214.99. The company had a trading volume of 4,691,157 shares, compared to its average volume of 7,372,182. The business’s 50 day moving average price is $216.43 and its 200 day moving average price is $202.38. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.66.

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).