Strategic Wealth Advisors Group LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 29.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,984 shares of the exchange traded fund’s stock after buying an additional 5,628 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in SPDR Gold Shares were worth $3,142,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of SPDR Gold Shares in the first quarter worth $126,000. Field & Main Bank purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $127,000. Mandatum Life Insurance Co Ltd purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $133,000. First Dallas Securities Inc. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $133,000. Finally, SWS Partners purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth $136,000.
Shares of SPDR Gold Shares opened at $125.00 on Monday, according to MarketBeat.com. SPDR Gold Shares has a 1 year low of $114.80 and a 1 year high of $129.51.
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).
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