Inspire Advisors LLC Raises Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Inspire Advisors LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,455 shares of the exchange traded fund’s stock after buying an additional 104 shares during the quarter. Inspire Advisors LLC’s holdings in SPDR Gold Shares were worth $597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Aspiriant LLC raised its holdings in shares of SPDR Gold Shares by 8.7% in the third quarter. Aspiriant LLC now owns 3,021 shares of the exchange traded fund’s stock worth $734,000 after buying an additional 241 shares during the period. Claro Advisors LLC raised its holdings in shares of SPDR Gold Shares by 533.1% in the third quarter. Claro Advisors LLC now owns 26,237 shares of the exchange traded fund’s stock worth $6,377,000 after buying an additional 22,093 shares during the period. Ellenbecker Investment Group purchased a new stake in shares of SPDR Gold Shares in the third quarter worth approximately $211,000. BCS Wealth Management purchased a new stake in shares of SPDR Gold Shares in the third quarter worth approximately $209,000. Finally, RFG Advisory LLC raised its holdings in shares of SPDR Gold Shares by 24.5% in the third quarter. RFG Advisory LLC now owns 24,690 shares of the exchange traded fund’s stock worth $6,001,000 after buying an additional 4,855 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $251.26 on Friday. The stock’s fifty day moving average is $237.71 and its two-hundred day moving average is $224.94. SPDR Gold Shares has a 52 week low of $179.11 and a 52 week high of $251.37.

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).