Brighton Jones LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Brighton Jones LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,246 shares of the exchange traded fund’s stock after buying an additional 1,903 shares during the period. Brighton Jones LLC’s holdings in SPDR Gold Shares were worth $2,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC boosted its holdings in SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth $40,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $254.07 on Friday. The business’s 50-day simple moving average is $244.59 and its two-hundred day simple moving average is $239.07. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71.

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).