SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 675.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,784 shares of the exchange traded fund’s stock after purchasing an additional 23,331 shares during the period. SPDR Gold Shares makes up 1.3% of Accurate Wealth Management LLC’s portfolio, making the stock its 12th biggest position. Accurate Wealth Management LLC’s holdings in SPDR Gold Shares were worth $6,587,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new position in SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. lifted its position in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares in the 1st quarter valued at about $26,000. Private Ocean LLC raised its position in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Security National Bank bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $28,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock opened at $251.26 on Friday. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $251.37. The firm’s 50-day moving average is $237.71 and its two-hundred day moving average is $224.94.

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).