Capital Group Private Client Services Inc. Increases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Capital Group Private Client Services Inc. grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 21.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,861 shares of the exchange traded fund’s stock after purchasing an additional 1,230 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in SPDR Gold Shares were worth $1,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its position in shares of SPDR Gold Shares by 5.2% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 2,028 shares of the exchange traded fund’s stock worth $417,000 after purchasing an additional 100 shares in the last quarter. Cadence Bank boosted its holdings in SPDR Gold Shares by 7.2% in the first quarter. Cadence Bank now owns 1,491 shares of the exchange traded fund’s stock worth $307,000 after acquiring an additional 100 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of SPDR Gold Shares by 48.1% in the first quarter. CreativeOne Wealth LLC now owns 20,884 shares of the exchange traded fund’s stock worth $4,296,000 after acquiring an additional 6,779 shares during the last quarter. Sentinel Pension Advisors Inc. grew its stake in shares of SPDR Gold Shares by 22.4% in the first quarter. Sentinel Pension Advisors Inc. now owns 3,245 shares of the exchange traded fund’s stock worth $668,000 after acquiring an additional 594 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of SPDR Gold Shares by 2.0% during the first quarter. Crewe Advisors LLC now owns 4,897 shares of the exchange traded fund’s stock valued at $1,007,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD traded up $2.32 during trading hours on Friday, hitting $220.65. The company had a trading volume of 6,327,172 shares, compared to its average volume of 7,219,661. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $229.65. The firm has a fifty day moving average price of $218.18 and a 200-day moving average price of $207.11.

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).