Carmichael Hill & Associates Inc. Has $204,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Carmichael Hill & Associates Inc. increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 839 shares of the exchange traded fund’s stock after purchasing an additional 98 shares during the period. Carmichael Hill & Associates Inc.’s holdings in SPDR Gold Shares were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the second quarter worth about $25,000. Semmax Financial Advisors Inc. grew its stake in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares in the last quarter. Private Ocean LLC raised its holdings in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares in the second quarter worth $29,000. Finally, EdgeRock Capital LLC acquired a new position in SPDR Gold Shares during the second quarter worth $37,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.4 %

Shares of GLD stock opened at $252.47 on Friday. The firm’s fifty day moving average price is $242.43 and its two-hundred day moving average price is $227.60. SPDR Gold Shares has a 1 year low of $179.11 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).