Source Financial Advisors LLC Purchases 133 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Source Financial Advisors LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,278 shares of the exchange traded fund’s stock after acquiring an additional 133 shares during the quarter. SPDR Gold Shares makes up about 1.0% of Source Financial Advisors LLC’s portfolio, making the stock its 21st biggest position. Source Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $3,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Obermeyer Wood Investment Counsel Lllp raised its holdings in shares of SPDR Gold Shares by 4.4% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after buying an additional 490 shares during the period. Linden Thomas Advisory Services LLC grew its position in SPDR Gold Shares by 5.1% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $1,063,000 after acquiring an additional 239 shares during the last quarter. RDA Financial Network increased its stake in SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after purchasing an additional 88 shares during the period. Oxler Private Wealth LLC lifted its position in shares of SPDR Gold Shares by 48.9% during the second quarter. Oxler Private Wealth LLC now owns 24,438 shares of the exchange traded fund’s stock worth $5,254,000 after purchasing an additional 8,021 shares during the last quarter. Finally, Blue Fin Capital Inc. lifted its position in shares of SPDR Gold Shares by 1.1% during the second quarter. Blue Fin Capital Inc. now owns 37,225 shares of the exchange traded fund’s stock worth $8,004,000 after purchasing an additional 388 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $247.98 on Friday. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month high of $257.71. The company’s 50-day moving average price is $244.18 and its 200-day moving average price is $228.61.

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).