Financial Advisory Service Inc. Has $858,000 Position in SPDR Gold Trust (NYSEARCA:GLD)
Financial Advisory Service Inc. decreased its position in shares of SPDR Gold Trust (NYSEARCA:GLD) by 6.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,273 shares of the exchange traded fund’s stock after selling 510 shares during the period. Financial Advisory Service Inc.’s holdings in SPDR Gold Trust were worth $858,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Courage Miller Partners LLC purchased a new position in SPDR Gold Trust during the second quarter worth $203,000. ST Germain D J Co. Inc. purchased a new position in SPDR Gold Trust during the second quarter worth $204,000. Clarkston Capital Partners LLC purchased a new position in SPDR Gold Trust during the second quarter worth $215,000. Kanawha Capital Management LLC boosted its position in SPDR Gold Trust by 6.8% in the second quarter. Kanawha Capital Management LLC now owns 1,955 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 125 shares during the period. Finally, Meritage Portfolio Management purchased a new position in SPDR Gold Trust during the second quarter worth $246,000.
Shares of SPDR Gold Trust (NYSEARCA GLD) opened at 119.51 on Tuesday. SPDR Gold Trust has a 52 week low of $107.00 and a 52 week high of $130.28. The stock’s 50 day moving average is $118.28 and its 200-day moving average is $118.32.
About SPDR Gold Trust
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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