SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 34.7% in the 3rd quarter, Holdings Channel reports. The fund owned 53,329 shares of the exchange traded fund’s stock after acquiring an additional 13,732 shares during the period. SPDR Gold Shares accounts for about 0.8% of Centaurus Financial Inc.’s investment portfolio, making the stock its 22nd biggest position. Centaurus Financial Inc.’s holdings in SPDR Gold Shares were worth $12,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Romano Brothers AND Company raised its holdings in SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. increased its position in shares of SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust raised its stake in shares of SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC lifted its position in shares of SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the last quarter. Finally, Ballast Inc. grew its stake in SPDR Gold Shares by 3.6% in the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $249.84 on Friday. The business has a 50-day moving average price of $246.03 and a 200 day moving average price of $230.62. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week 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).