KFG Wealth Management LLC Purchases 185 Shares of SPDR Gold Shares (NYSEARCA:GLD)

KFG Wealth Management LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,302 shares of the exchange traded fund’s stock after acquiring an additional 185 shares during the quarter. KFG Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,140,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GLD. Raymond James & Associates grew its position in SPDR Gold Shares by 2.8% during the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock valued at $178,583,000 after buying an additional 23,468 shares during the period. Evexia Wealth LLC grew its position in SPDR Gold Shares by 36.6% during the fourth quarter. Evexia Wealth LLC now owns 4,672 shares of the exchange traded fund’s stock valued at $881,000 after buying an additional 1,253 shares during the period. TKG Advisors LLC grew its position in SPDR Gold Shares by 0.7% during the fourth quarter. TKG Advisors LLC now owns 15,224 shares of the exchange traded fund’s stock valued at $2,910,000 after buying an additional 110 shares during the period. City Holding Co. grew its position in SPDR Gold Shares by 5.6% during the first quarter. City Holding Co. now owns 3,708 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 195 shares during the period. Finally, Ndwm LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at about $546,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD traded up $5.08 during trading on Friday, hitting $231.99. 11,924,536 shares of the company traded hands, compared to its average volume of 7,228,174. The stock’s fifty day moving average is $220.39 and its 200 day moving average is $211.30. SPDR Gold Shares has a one year low of $168.30 and a one year high of $232.02.

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).