Wealthcare Advisory Partners LLC Acquires 1,800 Shares of SPDR Gold Shares $GLD

Wealthcare Advisory Partners LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,783 shares of the exchange traded fund’s stock after acquiring an additional 1,800 shares during the period. Wealthcare Advisory Partners LLC’s holdings in SPDR Gold Shares were worth $9,520,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GLD. Bedel Financial Consulting Inc. lifted its holdings in SPDR Gold Shares by 10.3% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 5,360 shares of the exchange traded fund’s stock worth $1,905,000 after purchasing an additional 501 shares in the last quarter. Rothschild Investment LLC increased its position in shares of SPDR Gold Shares by 11.5% during the third quarter. Rothschild Investment LLC now owns 2,418 shares of the exchange traded fund’s stock valued at $860,000 after buying an additional 250 shares during the period. Founders Financial Alliance LLC lifted its holdings in shares of SPDR Gold Shares by 23.3% in the third quarter. Founders Financial Alliance LLC now owns 2,468 shares of the exchange traded fund’s stock worth $877,000 after buying an additional 467 shares in the last quarter. Guidance Capital Inc. boosted its position in shares of SPDR Gold Shares by 5.0% in the third quarter. Guidance Capital Inc. now owns 2,769 shares of the exchange traded fund’s stock valued at $1,045,000 after acquiring an additional 132 shares during the period. Finally, SMART Wealth LLC boosted its position in shares of SPDR Gold Shares by 0.5% in the third quarter. SMART Wealth LLC now owns 10,647 shares of the exchange traded fund’s stock valued at $3,785,000 after acquiring an additional 53 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

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SPDR Gold Shares Trading Up 2.5%

SPDR Gold Shares stock opened at $462.62 on Tuesday. SPDR Gold Shares has a 1-year low of $261.25 and a 1-year high of $509.70. The firm has a market capitalization of $175.84 billion, a PE ratio of -32.43 and a beta of 0.09. The firm’s 50 day simple moving average is $427.41 and its 200 day simple moving average is $378.45.

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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