Centric Wealth Management Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Centric Wealth Management purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 11,234 shares of the exchange traded fund’s stock, valued at approximately $2,107,000.

Several other institutional investors have also bought and sold shares of the company. Peddock Capital Advisors LLC lifted its stake in shares of SPDR Gold Shares by 3.5% during the 4th quarter. Peddock Capital Advisors LLC now owns 6,759 shares of the exchange traded fund’s stock valued at $1,292,000 after buying an additional 227 shares in the last quarter. Peregrine Asset Advisers Inc. raised its holdings in SPDR Gold Shares by 89.7% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 4,509 shares of the exchange traded fund’s stock valued at $862,000 after acquiring an additional 2,132 shares during the period. Apollon Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 7.4% during the fourth quarter. Apollon Wealth Management LLC now owns 15,398 shares of the exchange traded fund’s stock worth $2,944,000 after acquiring an additional 1,064 shares in the last quarter. Lincoln National Corp boosted its holdings in shares of SPDR Gold Shares by 19.2% in the fourth quarter. Lincoln National Corp now owns 46,211 shares of the exchange traded fund’s stock worth $8,834,000 after acquiring an additional 7,450 shares during the period. Finally, Fielder Capital Group LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $222,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD traded down $0.18 during trading on Wednesday, reaching $214.03. 2,895,792 shares of the company were exchanged, compared to its average volume of 7,874,717. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.09. The company’s 50-day moving average is $208.23 and its two-hundred day moving average is $194.39.

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).