NWF Advisory Services Inc. Grows Position in SPDR Gold Shares $GLD

NWF Advisory Services Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,776 shares of the exchange traded fund’s stock after purchasing an additional 2,992 shares during the quarter. NWF Advisory Services Inc.’s holdings in SPDR Gold Shares were worth $5,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth about $31,000. Traub Capital Management LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth about $34,000. Kilter Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $43,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD opened at $464.70 on Tuesday. SPDR Gold Shares has a 1 year low of $251.92 and a 1 year high of $469.28. The stock has a 50 day simple moving average of $403.77 and a two-hundred day simple moving average of $362.29. The firm has a market cap of $175.42 billion, a P/E ratio of -32.43 and a beta of 0.09.

Key Headlines Impacting SPDR Gold Shares

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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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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