Cadent Capital Advisors LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Cadent Capital Advisors LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,245 shares of the exchange traded fund’s stock after purchasing an additional 321 shares during the quarter. Cadent Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,512,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Westmount Partners LLC raised its stake in SPDR Gold Shares by 64.8% in the fourth quarter. Westmount Partners LLC now owns 1,371 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 539 shares in the last quarter. Salem Investment Counselors Inc. grew its position in SPDR Gold Shares by 18.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 652 shares of the exchange traded fund’s stock worth $158,000 after purchasing an additional 100 shares during the last quarter. Fragasso Financial Advisors Inc increased its position in SPDR Gold Shares by 567.6% in the 4th quarter. Fragasso Financial Advisors Inc now owns 6,643 shares of the exchange traded fund’s stock valued at $1,608,000 after acquiring an additional 5,648 shares during the period. JTC Employer Solutions Trustee Ltd lifted its holdings in shares of SPDR Gold Shares by 8.4% during the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 124,762 shares of the exchange traded fund’s stock worth $30,025,000 after purchasing an additional 9,656 shares during the period. Finally, Kieckhefer Group LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $369,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded down $2.97 during trading on Monday, hitting $245.24. 5,365,282 shares of the company were exchanged, compared to its average volume of 6,262,019. The firm’s fifty day moving average price is $244.01 and its 200 day moving average price is $237.37. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.

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).