Spectrum Wealth Advisory Group LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Spectrum Wealth Advisory Group LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 14.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,615 shares of the exchange traded fund’s stock after purchasing an additional 208 shares during the quarter. SPDR Gold Shares accounts for about 0.4% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 26th largest holding. Spectrum Wealth Advisory Group LLC’s holdings in SPDR Gold Shares were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. TKG Advisors LLC increased its stake in shares of SPDR Gold Shares by 0.7% during the fourth quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock worth $2,910,000 after purchasing an additional 110 shares in the last quarter. City Holding Co. lifted its position in shares of SPDR Gold Shares by 5.6% in the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after acquiring an additional 195 shares in the last quarter. Ndwm LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $546,000. St. Johns Investment Management Company LLC boosted its stake in shares of SPDR Gold Shares by 5.7% in the first quarter. St. Johns Investment Management Company LLC now owns 27,729 shares of the exchange traded fund’s stock worth $5,704,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Independent Advisor Alliance boosted its stake in shares of SPDR Gold Shares by 32.2% in the fourth quarter. Independent Advisor Alliance now owns 98,074 shares of the exchange traded fund’s stock worth $18,749,000 after acquiring an additional 23,883 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $232.62 on Wednesday. The business has a fifty day moving average price of $226.09 and a 200 day moving average price of $216.61. SPDR Gold Shares has a one year low of $168.30 and a one year high of $234.01.

About SPDR Gold Shares

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).