Summit Financial Wealth Advisors LLC Acquires 90 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Summit Financial Wealth Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,279 shares of the exchange traded fund’s stock after purchasing an additional 90 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $675,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GLD. Scarborough Advisors LLC raised its position in shares of SPDR Gold Shares by 10,133.3% in the 4th quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock valued at $508,970,000 after buying an additional 2,636,376 shares in the last quarter. International Assets Investment Management LLC lifted its stake in SPDR Gold Shares by 19,989.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after purchasing an additional 2,424,904 shares during the last quarter. Euclidean Capital LLC boosted its holdings in shares of SPDR Gold Shares by 91.4% in the 3rd quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock valued at $182,166,000 after purchasing an additional 507,500 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of SPDR Gold Shares by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock valued at $201,659,000 after purchasing an additional 47,681 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of SPDR Gold Shares by 2.8% in the 1st quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after purchasing an additional 23,468 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock traded down $2.76 on Monday, hitting $218.17. 5,787,588 shares of the company’s stock were exchanged, compared to its average volume of 7,257,840. The company has a 50 day moving average of $216.40 and a 200 day moving average of $203.97. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month 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).