KFA Private Wealth Group LLC Invests $281,000 in SPDR Gold Shares (NYSEARCA:GLD)

KFA Private Wealth Group LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,162 shares of the exchange traded fund’s stock, valued at approximately $281,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $38,000. Sugarloaf Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares in the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $40,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.0 %

Shares of SPDR Gold Shares stock opened at $252.99 on Tuesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71. The company has a fifty day moving average of $245.31 and a 200-day moving average of $239.72.

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).