Nelson Capital Management LLC Raises Stake in SPDR Gold Shares (NYSEARCA:GLD)

Nelson Capital Management LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,447 shares of the exchange traded fund’s stock after acquiring an additional 454 shares during the period. Nelson Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,601,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Ballast Inc. boosted its position in SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares in the last quarter. Burkett Financial Services LLC lifted its position in shares of SPDR Gold Shares by 9.9% during the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after buying an additional 46 shares in the last quarter. CCG Wealth Management LLC grew its stake in SPDR Gold Shares by 1.2% in the 2nd quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock valued at $860,000 after acquiring an additional 46 shares during the period. Apollon Financial LLC increased its holdings in SPDR Gold Shares by 1.7% in the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 47 shares in the last quarter. Finally, KG&L Capital Management LLC raised its position in SPDR Gold Shares by 2.2% during the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after acquiring an additional 48 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.2 %

Shares of NYSEARCA GLD opened at $232.24 on Thursday. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $234.01. The company’s 50-day simple moving average is $226.38 and its 200-day simple moving average is $216.72.

SPDR Gold Shares Profile

(Free Report)

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

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