KFA Private Wealth Group LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

KFA Private Wealth Group LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,162 shares of the exchange traded fund’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GLD. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $38,000. Sugarloaf Wealth Management LLC increased its holdings 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 period. Finally, Maryland Capital Advisors Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.0 %

SPDR Gold Shares stock opened at $252.99 on Tuesday. The firm’s 50 day simple moving average is $245.31 and its 200 day simple moving average is $239.72. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71.

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).