Valeo Financial Advisors LLC Has $1.05 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Valeo Financial Advisors LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.6% during the first quarter, Holdings Channel reports. The firm owned 5,095 shares of the exchange traded fund’s stock after purchasing an additional 317 shares during the period. Valeo Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $1,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLD. First Personal Financial Services purchased a new stake in SPDR Gold Shares during the fourth quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares during the first quarter valued at approximately $26,000. Gold Investment Management Ltd. bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $27,000. Finally, Security National Bank bought a new position in shares of SPDR Gold Shares in the first quarter worth approximately $28,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1 %

Shares of SPDR Gold Shares stock traded up $2.43 on Wednesday, hitting $217.99. The stock had a trading volume of 5,038,495 shares, compared to its average volume of 7,279,664. The stock’s 50-day simple moving average is $216.21 and its two-hundred day simple moving average is $203.32. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.66.

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).