Financial Enhancement Group LLC Buys Shares of 950 SPDR Gold Shares (NYSEARCA:GLD)

Financial Enhancement Group LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 950 shares of the exchange traded fund’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT lifted its position in shares of SPDR Gold Shares by 0.7% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 297,472 shares of the exchange traded fund’s stock worth $63,959,000 after buying an additional 2,201 shares during the last quarter. Wealth Alliance lifted its holdings in shares of SPDR Gold Shares by 36.9% in the second quarter. Wealth Alliance now owns 2,959 shares of the exchange traded fund’s stock worth $636,000 after acquiring an additional 798 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of SPDR Gold Shares by 37.0% in the 2nd quarter. E Fund Management Co. Ltd. now owns 14,286 shares of the exchange traded fund’s stock valued at $3,072,000 after purchasing an additional 3,858 shares in the last quarter. Meridian Wealth Partners LLC grew its holdings in shares of SPDR Gold Shares by 5.0% during the 2nd quarter. Meridian Wealth Partners LLC now owns 1,936 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 92 shares during the last quarter. Finally, Argent Trust Co increased its position in SPDR Gold Shares by 3.9% during the 2nd quarter. Argent Trust Co now owns 11,539 shares of the exchange traded fund’s stock worth $2,481,000 after purchasing an additional 436 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $248.88 on Thursday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The firm has a 50 day simple moving average of $243.74 and a 200 day simple moving average of $237.81.

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).