Estate Counselors LLC Invests $391,000 in SPDR Gold Shares (NYSEARCA:GLD)

Estate Counselors LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, Holdings Channel reports. The fund purchased 1,607 shares of the exchange traded fund’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Obermeyer Wood Investment Counsel Lllp boosted its holdings in shares of SPDR Gold Shares by 4.4% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock valued at $2,504,000 after purchasing an additional 490 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of SPDR Gold Shares by 5.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $1,063,000 after buying an additional 239 shares during the period. RDA Financial Network raised its holdings in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 88 shares in the last quarter. Oxler Private Wealth LLC lifted its stake in SPDR Gold Shares by 48.9% in the second quarter. Oxler Private Wealth LLC now owns 24,438 shares of the exchange traded fund’s stock worth $5,254,000 after acquiring an additional 8,021 shares during the period. Finally, Blue Fin Capital Inc. grew its holdings in SPDR Gold Shares by 1.1% during the 2nd quarter. Blue Fin Capital Inc. now owns 37,225 shares of the exchange traded fund’s stock worth $8,004,000 after acquiring an additional 388 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $249.84 on Friday. SPDR Gold Shares has a one year low of $183.15 and a one year high of $257.71. The company’s 50-day simple moving average is $246.03 and its two-hundred day simple moving average is $230.62.

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).