Armstrong Advisory Group Inc. Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Armstrong Advisory Group Inc. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.0% in the fourth quarter, Holdings Channel reports. The firm owned 3,251 shares of the exchange traded fund’s stock after acquiring an additional 565 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in SPDR Gold Shares were worth $787,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. RDA Financial Network increased its position in shares of SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 88 shares in the last quarter. Advance Capital Management Inc. increased its holdings in shares of SPDR Gold Shares by 9.4% in the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of SPDR Gold Shares by 10.1% in the second quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after purchasing an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 0.8% during the third quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after purchasing an additional 50 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at $564,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.7 %

NYSEARCA GLD opened at $248.88 on Thursday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The stock has a 50-day moving average of $243.74 and a 200 day moving average of $237.81.

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).