Arkfeld Wealth Strategies L.L.C. Has $3.96 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Arkfeld Wealth Strategies L.L.C. lessened its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,119 shares of the exchange traded fund’s stock after selling 178 shares during the quarter. SPDR Gold Shares accounts for approximately 1.8% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 14th largest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in SPDR Gold Shares were worth $3,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC boosted its position in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $40,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $255.65 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The company’s fifty day simple moving average is $245.31 and its 200-day simple moving average is $239.43.

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).