DHK Financial Advisors Inc. Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

DHK Financial Advisors Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,549 shares of the exchange traded fund’s stock after acquiring an additional 902 shares during the period. SPDR Gold Shares comprises about 4.0% of DHK Financial Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. DHK Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $6,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Romano Brothers AND Company raised its holdings in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares in the last quarter. Delta Financial Group Inc. grew its position in SPDR Gold Shares by 1.2% in the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 41 shares during the period. Magnus Financial Group LLC raised its stake in SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares in the last quarter. Spinnaker Trust lifted its holdings in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. raised its stake in shares of SPDR Gold Shares by 3.3% in the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $255.18 on Wednesday. The business’s 50 day simple moving average is $245.55 and its 200-day simple moving average is $239.93. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

SPDR Gold Shares 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).