SPDR Gold Shares (NYSEARCA:GLD) Position Raised by PFG Investments LLC

by · The Markets Daily

PFG Investments LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,440 shares of the exchange traded fund’s stock after purchasing an additional 2,437 shares during the quarter. PFG Investments LLC’s holdings in SPDR Gold Shares were worth $5,940,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Romano Brothers AND Company grew its position in SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. raised its position in shares of SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the period. Compton Wealth Advisory Group LLC raised its position in shares of SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 44 shares during the period. Ballast Inc. lifted its holdings in shares of SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 45 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of SPDR Gold Shares by 2.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,116 shares of the exchange traded fund’s stock valued at $455,000 after purchasing an additional 45 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD traded up $0.52 on Friday, hitting $253.32. 4,424,475 shares of the company were exchanged, compared to its average volume of 6,975,283. SPDR Gold Shares has a twelve month low of $179.11 and a twelve month high of $253.94. The company’s 50 day moving average price is $240.12 and its 200-day moving average price is $226.29.

About SPDR Gold Shares

(Free Report)

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).

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