Cadent Capital Advisors LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Cadent Capital Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,245 shares of the exchange traded fund’s stock after acquiring an additional 321 shares during the period. Cadent Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,512,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in GLD. Thoroughbred Financial Services LLC raised its holdings in SPDR Gold Shares by 6.4% in the second quarter. Thoroughbred Financial Services LLC now owns 8,853 shares of the exchange traded fund’s stock valued at $1,903,000 after buying an additional 529 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,128,933 shares of the exchange traded fund’s stock valued at $242,732,000 after acquiring an additional 28,683 shares in the last quarter. Inspire Advisors LLC boosted its position in SPDR Gold Shares by 12.8% during the 2nd quarter. Inspire Advisors LLC now owns 2,351 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 266 shares during the period. SilverOak Wealth Management LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at $208,000. Finally, Hoge Financial Services LLC raised its position in SPDR Gold Shares by 6.6% in the second quarter. Hoge Financial Services LLC now owns 1,170 shares of the exchange traded fund’s stock valued at $252,000 after purchasing an additional 72 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock traded down $2.97 during trading on Monday, reaching $245.24. The stock had a trading volume of 5,365,282 shares, compared to its average volume of 6,262,019. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The firm has a fifty day moving average price of $244.01 and a 200 day moving average price of $237.37.

SPDR Gold Shares Company 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).