Delta Financial Group Inc. Has $825,000 Stake in SPDR Gold Shares (NYSEARCA:GLD)

Delta Financial Group Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,407 shares of the exchange traded fund’s stock after selling 85 shares during the quarter. Delta Financial Group Inc.’s holdings in SPDR Gold Shares were worth $825,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Busey Bank lifted its stake in SPDR Gold Shares by 8.7% during the third quarter. Busey Bank now owns 3,872 shares of the exchange traded fund’s stock worth $941,000 after purchasing an additional 311 shares during the period. Blackston Financial Advisory Group LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $212,000. Lake Street Advisors Group LLC lifted its position in shares of SPDR Gold Shares by 29.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 5,119 shares of the exchange traded fund’s stock worth $1,244,000 after buying an additional 1,159 shares during the period. Joel Isaacson & Co. LLC lifted its position in shares of SPDR Gold Shares by 12.4% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 18,362 shares of the exchange traded fund’s stock worth $4,463,000 after buying an additional 2,025 shares during the period. Finally, Mayfair Advisory Group LLC boosted its stake in SPDR Gold Shares by 9.8% in the 3rd quarter. Mayfair Advisory Group LLC now owns 1,890 shares of the exchange traded fund’s stock valued at $463,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.1 %

SPDR Gold Shares stock opened at $270.74 on Friday. The stock has a fifty day moving average price of $253.00 and a two-hundred day moving average price of $245.32. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.84.

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).