Welch Group LLC Purchases 847 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Welch Group LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,659 shares of the exchange traded fund’s stock after acquiring an additional 847 shares during the quarter. Welch Group LLC’s holdings in SPDR Gold Shares were worth $1,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after buying an additional 3,010,682 shares during the last quarter. Toronto Dominion Bank lifted its position in SPDR Gold Shares by 23.6% during the first quarter. Toronto Dominion Bank now owns 5,649,510 shares of the exchange traded fund’s stock worth $1,162,217,000 after acquiring an additional 1,079,452 shares during the last quarter. Arizona PSPRS Trust bought a new stake in shares of SPDR Gold Shares during the second quarter worth approximately $157,187,000. Cetera Investment Advisers grew its position in shares of SPDR Gold Shares by 461.0% in the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock valued at $144,501,000 after purchasing an additional 577,210 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in shares of SPDR Gold Shares by 9,654.6% during the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after purchasing an additional 544,807 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded down $0.16 during mid-day trading on Monday, hitting $253.16. 761,532 shares of the stock were exchanged, compared to its average volume of 6,946,057. The firm’s 50-day simple moving average is $240.12 and its 200 day simple moving average is $226.43. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.94.

About SPDR Gold Shares

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).