Winch Advisory Services LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Winch Advisory Services LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,423 shares of the exchange traded fund’s stock after purchasing an additional 200 shares during the quarter. Winch Advisory Services LLC’s holdings in SPDR Gold Shares were worth $587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bradley Foster & Sargent Inc. CT raised its position in SPDR Gold Shares by 0.7% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 297,472 shares of the exchange traded fund’s stock valued at $63,959,000 after purchasing an additional 2,201 shares in the last quarter. Wealth Alliance increased its position in shares of SPDR Gold Shares by 36.9% during the 2nd quarter. Wealth Alliance now owns 2,959 shares of the exchange traded fund’s stock valued at $636,000 after purchasing an additional 798 shares during the last quarter. E Fund Management Co. Ltd. increased its position in shares of SPDR Gold Shares by 37.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 14,286 shares of the exchange traded fund’s stock valued at $3,072,000 after purchasing an additional 3,858 shares during the last quarter. Meridian Wealth Partners LLC raised its holdings in shares of SPDR Gold Shares by 5.0% during the 2nd quarter. Meridian Wealth Partners LLC now owns 1,936 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 92 shares in the last quarter. Finally, Argent Trust Co lifted its position in SPDR Gold Shares by 3.9% in the 2nd quarter. Argent Trust Co now owns 11,539 shares of the exchange traded fund’s stock worth $2,481,000 after buying an additional 436 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.7 %

Shares of GLD opened at $248.88 on Thursday. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71. The stock has a 50 day simple moving average of $243.74 and a two-hundred day simple moving average of $237.81.

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).