Northwest Financial Advisors Purchases 1,378 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Northwest Financial Advisors boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 40.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,790 shares of the exchange traded fund’s stock after purchasing an additional 1,378 shares during the period. SPDR Gold Shares comprises 1.0% of Northwest Financial Advisors’ investment portfolio, making the stock its 26th biggest position. Northwest Financial Advisors’ holdings in SPDR Gold Shares were worth $1,160,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the third quarter worth about $35,000. Pittenger & Anderson Inc. purchased a new position in SPDR Gold Shares in the third quarter valued at about $38,000. Sugarloaf Wealth Management LLC grew its position in shares of SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.0 %

NYSEARCA:GLD opened at $252.99 on Tuesday. The firm’s 50 day moving average is $245.31 and its 200 day moving average is $239.72. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

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).