C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,911 shares of the exchange traded fund’s stock after purchasing an additional 924 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in SPDR Gold Shares were worth $1,010,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GLD. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $27,000. Finally, Security National Bank purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $28,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.3 %

Shares of GLD traded up $0.76 during mid-day trading on Wednesday, reaching $219.32. The stock had a trading volume of 4,957,547 shares, compared to its average volume of 7,214,789. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $225.66. The business’s fifty day moving average is $216.58 and its 200 day moving average is $204.37.

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).