Advance Capital Management Inc. Has $892,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Advance Capital Management Inc. increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,683 shares of the exchange traded fund’s stock after purchasing an additional 316 shares during the period. Advance Capital Management Inc.’s holdings in SPDR Gold Shares were worth $892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Victory Capital Management Inc. increased its holdings in shares of SPDR Gold Shares by 391.3% during the second quarter. Victory Capital Management Inc. now owns 344,154 shares of the exchange traded fund’s stock worth $73,997,000 after buying an additional 274,098 shares in the last quarter. Savant Capital LLC boosted its stake in SPDR Gold Shares by 9.3% in the second quarter. Savant Capital LLC now owns 15,281 shares of the exchange traded fund’s stock worth $3,286,000 after purchasing an additional 1,295 shares in the last quarter. Advisor OS LLC bought a new stake in shares of SPDR Gold Shares during the second quarter worth $217,000. Cullen Frost Bankers Inc. raised its position in SPDR Gold Shares by 1.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 17,709 shares of the exchange traded fund’s stock worth $3,808,000 after purchasing an additional 188 shares during the last quarter. Finally, Chicago Capital LLC lifted its stake in shares of SPDR Gold Shares by 5.1% during the second quarter. Chicago Capital LLC now owns 1,557 shares of the exchange traded fund’s stock valued at $335,000 after acquiring an additional 75 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD traded down $0.30 on Monday, hitting $243.19. 3,646,394 shares of the stock were exchanged, compared to its average volume of 4,819,141. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The company’s 50-day moving average price is $244.92 and its 200 day moving average price is $236.30.

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).