SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 45.7% during the fourth quarter, Holdings Channel reports. The fund owned 7,241 shares of the exchange traded fund’s stock after acquiring an additional 2,272 shares during the quarter. New England Private Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,384,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GLD. First Personal Financial Services acquired a new position in SPDR Gold Shares during the 4th quarter valued at $25,000. Johnson Midwest Financial LLC grew its stake in shares of SPDR Gold Shares by 350.0% in the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 140 shares in the last quarter. Private Ocean LLC boosted its position in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 114 shares during the period. Naples Money Management LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $31,000. Finally, GAMMA Investing LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock traded up $0.69 during trading on Friday, hitting $216.61. The company had a trading volume of 6,231,609 shares, compared to its average volume of 7,931,591. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.09. The business has a 50-day moving average of $204.56 and a 200-day moving average of $192.42.

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).