Wilson & Boucher Capital Management LLC Invests $196,000 in SPDR Gold Shares (NYSEARCA:GLD)

Wilson & Boucher Capital Management LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 805 shares of the exchange traded fund’s stock, valued at approximately $196,000.

A number of other hedge funds have also modified their holdings of GLD. Triad Wealth Partners LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Private Ocean LLC boosted its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $28,000. Finally, Chris Bulman Inc purchased a new position in SPDR Gold Shares during the 2nd quarter valued at about $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $248.53 on Wednesday. The business has a 50-day moving average of $246.41 and a 200 day moving average of $232.59. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month high of $257.71.

SPDR Gold Shares Profile

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).