Old Port Advisors Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Old Port Advisors boosted its stake in SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,817 shares of the exchange traded fund’s stock after purchasing an additional 90 shares during the quarter. Old Port Advisors’ holdings in SPDR Gold Shares were worth $506,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC lifted its stake in SPDR Gold Shares by 0.9% in the 4th quarter. N.E.W. Advisory Services LLC now owns 6,980 shares of the exchange traded fund’s stock valued at $1,193,000 after buying an additional 59 shares in the last quarter. True Link Financial Advisors LLC lifted its stake in SPDR Gold Shares by 0.8% in the 4th quarter. True Link Financial Advisors LLC now owns 7,788 shares of the exchange traded fund’s stock worth $1,331,000 after purchasing an additional 63 shares in the last quarter. Doyle Wealth Management lifted its stake in SPDR Gold Shares by 5.3% in the 4th quarter. Doyle Wealth Management now owns 1,303 shares of the exchange traded fund’s stock worth $223,000 after purchasing an additional 66 shares in the last quarter. Signature Securities Group Corporation lifted its stake in SPDR Gold Shares by 0.9% in the 4th quarter. Signature Securities Group Corporation now owns 7,782 shares of the exchange traded fund’s stock worth $1,331,000 after purchasing an additional 67 shares in the last quarter. Finally, Gould Asset Management LLC CA lifted its stake in SPDR Gold Shares by 0.5% in the 4th quarter. Gould Asset Management LLC CA now owns 12,787 shares of the exchange traded fund’s stock worth $2,186,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 33.15% of the company’s stock.

GLD opened at $171.31 on Thursday. The company’s 50 day simple moving average is $174.13 and its two-hundred day simple moving average is $174.28. SPDR Gold Shares has a 1-year low of $160.68 and a 1-year high of $193.30.

SPDR Gold Shares Profile (Get Rating)

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).

See Also

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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