Professional Financial Advisors LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

by · The Cerbat Gem

Professional Financial Advisors LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,863 shares of the exchange traded fund’s stock after acquiring an additional 935 shares during the quarter. SPDR Gold Shares accounts for 0.6% of Professional Financial Advisors LLC’s portfolio, making the stock its 27th biggest holding. Professional Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $2,397,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GLD. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at $25,000. Semmax Financial Advisors Inc. boosted its position in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 48 shares during the period. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the 1st quarter worth about $26,000. Private Ocean LLC increased its position in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Security National Bank bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $28,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1 %

Shares of NYSEARCA GLD opened at $245.47 on Friday. The stock has a 50 day moving average price of $235.20 and a 200 day moving average price of $223.60. SPDR Gold Shares has a 52-week low of $173.24 and a 52-week high of $247.37.

SPDR Gold Shares Company Profile

(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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