SPDR Gold Shares (NYSEARCA:GLD) is Sharp Financial Services LLC’s 6th Largest Position

Sharp Financial Services LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,015 shares of the exchange traded fund’s stock after acquiring an additional 383 shares during the period. SPDR Gold Shares makes up about 4.0% of Sharp Financial Services LLC’s holdings, making the stock its 6th largest holding. Sharp Financial Services LLC’s holdings in SPDR Gold Shares were worth $5,330,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Kelleher Financial Advisors grew its stake in shares of SPDR Gold Shares by 13.9% in the fourth quarter. Kelleher Financial Advisors now owns 3,917 shares of the exchange traded fund’s stock valued at $948,000 after buying an additional 478 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after buying an additional 41 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of SPDR Gold Shares by 3.1% in the fourth quarter. Daymark Wealth Partners LLC now owns 2,297 shares of the exchange traded fund’s stock valued at $556,000 after buying an additional 70 shares in the last quarter. LifeGuide Financial Advisors LLC grew its stake in shares of SPDR Gold Shares by 6.3% in the fourth quarter. LifeGuide Financial Advisors LLC now owns 2,022 shares of the exchange traded fund’s stock valued at $490,000 after buying an additional 119 shares in the last quarter. Finally, Investment Advisory Group LLC grew its stake in shares of SPDR Gold Shares by 5.4% in the fourth quarter. Investment Advisory Group LLC now owns 3,026 shares of the exchange traded fund’s stock valued at $733,000 after buying an additional 155 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.5 %

Shares of NYSEARCA GLD opened at $254.43 on Thursday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The stock has a fifty day simple moving average of $244.25 and a 200-day simple moving average of $238.96.

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).