Bright Financial Advisors Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 59,914 shares of the exchange traded fund’s stock after selling 618 shares during the quarter. SPDR Gold Shares makes up about 9.1% of Bright Financial Advisors Inc.’s portfolio, making the stock its 3rd largest holding. Bright Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $14,507,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Romano Brothers AND Company increased its position in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC increased its position in SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after acquiring an additional 41 shares during the period. Spinnaker Trust increased its position in SPDR Gold Shares by 1.1% in the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares during the period. Adirondack Trust Co. increased its position in SPDR Gold Shares by 3.3% in the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 43 shares during the period. Finally, Compton Wealth Advisory Group LLC increased its position in SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of GLD stock opened at $263.43 on Friday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $265.99. The stock’s 50-day moving average price is $247.93 and its 200 day moving average price is $241.64.
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).
Read More
- Five stocks we like better than SPDR Gold Shares
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Uber’s Business, Cash Flow, and AI are Why it Will Set a New High
- 3 Warren Buffett Stocks to Buy Now
- Weak Guidance from Bristol-Myers Could Be Creating an Opportunity
- When to Sell a Stock for Profit or Loss
- These are the 3 Stocks Most Likely to Split in 2025
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.