Hamel Associates Inc. Acquires 165 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Hamel Associates Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,105 shares of the exchange traded fund’s stock after acquiring an additional 165 shares during the period. Hamel Associates Inc.’s holdings in SPDR Gold Shares were worth $3,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at $25,000. Semmax Financial Advisors Inc. grew its holdings in 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 valued at $25,000 after purchasing an additional 48 shares during the last quarter. Private Ocean LLC raised its position in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares during the period. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares in the third quarter worth about $28,000. Finally, Chris Bulman Inc purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.8 %

GLD opened at $240.10 on Wednesday. SPDR Gold Shares has a one year low of $179.11 and a one year high of $257.71. The stock’s 50 day moving average price is $244.59 and its 200-day moving average price is $229.15.

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).