Financial Enhancement Group LLC Takes $233,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Financial Enhancement Group LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 950 shares of the exchange traded fund’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT increased its position in SPDR Gold Shares by 0.7% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 297,472 shares of the exchange traded fund’s stock valued at $63,959,000 after acquiring an additional 2,201 shares during the period. Wealth Alliance lifted its holdings in shares of SPDR Gold Shares by 36.9% during the second quarter. Wealth Alliance now owns 2,959 shares of the exchange traded fund’s stock worth $636,000 after purchasing an additional 798 shares during the period. E Fund Management Co. Ltd. grew its stake in shares of SPDR Gold Shares by 37.0% in the second quarter. E Fund Management Co. Ltd. now owns 14,286 shares of the exchange traded fund’s stock worth $3,072,000 after purchasing an additional 3,858 shares during the last quarter. Meridian Wealth Partners LLC increased its holdings in SPDR Gold Shares by 5.0% in the second quarter. Meridian Wealth Partners LLC now owns 1,936 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 92 shares during the period. Finally, Argent Trust Co raised its position in SPDR Gold Shares by 3.9% during the 2nd quarter. Argent Trust Co now owns 11,539 shares of the exchange traded fund’s stock worth $2,481,000 after purchasing an additional 436 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.7 %

NYSEARCA GLD opened at $248.88 on Thursday. The business’s 50-day moving average price is $243.74 and its two-hundred day moving average price is $237.81. SPDR Gold Shares has a 12 month low of $183.78 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).