Park Avenue Securities LLC Buys 2,142 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Park Avenue Securities LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,064 shares of the exchange traded fund’s stock after buying an additional 2,142 shares during the quarter. Park Avenue Securities LLC’s holdings in SPDR Gold Shares were worth $11,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. SS&H Financial Advisors Inc. increased its stake in shares of SPDR Gold Shares by 1.9% in the 4th quarter. SS&H Financial Advisors Inc. now owns 10,849 shares of the exchange traded fund’s stock valued at $2,627,000 after acquiring an additional 200 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in SPDR Gold Shares by 3.1% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,159 shares of the exchange traded fund’s stock valued at $523,000 after purchasing an additional 64 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth $278,000. Pines Wealth Management LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $642,000. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 11.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 14,929 shares of the exchange traded fund’s stock valued at $3,615,000 after buying an additional 1,518 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

Shares of SPDR Gold Shares stock opened at $247.03 on Wednesday. The stock’s fifty day simple moving average is $243.74 and its 200 day simple moving average is $237.81. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

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).