Financial Services Advisory Inc Purchases 53 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Financial Services Advisory Inc boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,279 shares of the exchange traded fund’s stock after buying an additional 53 shares during the period. Financial Services Advisory Inc’s holdings in SPDR Gold Shares were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Bridgewater Advisors Inc. raised its position in SPDR Gold Shares by 1.0% in the third quarter. Bridgewater Advisors Inc. now owns 12,022 shares of the exchange traded fund’s stock worth $3,079,000 after acquiring an additional 114 shares during the period. GGM Financials LLC increased its holdings in SPDR Gold Shares by 70.5% in the 3rd quarter. GGM Financials LLC now owns 3,095 shares of the exchange traded fund’s stock worth $752,000 after acquiring an additional 1,280 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its stake in SPDR Gold Shares by 6.6% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 10,565 shares of the exchange traded fund’s stock valued at $2,568,000 after acquiring an additional 652 shares during the period. D.B. Root & Company LLC lifted its holdings in SPDR Gold Shares by 3.6% during the third quarter. D.B. Root & Company LLC now owns 8,780 shares of the exchange traded fund’s stock valued at $2,134,000 after purchasing an additional 303 shares during the last quarter. Finally, Spinnaker Trust boosted its position in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $245.72 on Thursday. The company’s 50 day moving average is $243.51 and its 200-day moving average is $228.24. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $257.71.

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).