SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Clarus Wealth Advisors

Clarus Wealth Advisors increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 7,764 shares of the exchange traded fund’s stock after purchasing an additional 132 shares during the period. SPDR Gold Shares accounts for approximately 1.0% of Clarus Wealth Advisors’ portfolio, making the stock its 26th largest position. Clarus Wealth Advisors’ holdings in SPDR Gold Shares were worth $1,908,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Romano Brothers AND Company raised its position in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after buying an additional 40 shares during the last quarter. Delta Financial Group Inc. boosted its holdings in shares of SPDR Gold Shares by 1.2% during the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 41 shares during the last quarter. Spinnaker Trust grew its position in shares of SPDR Gold Shares by 1.1% in the third 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 in the last quarter. Compton Wealth Advisory Group LLC increased its holdings in shares of SPDR Gold Shares by 3.2% in the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 44 shares during the last quarter. Finally, Acorn Wealth Advisors LLC increased its holdings in shares of SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 44 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $247.03 on Wednesday. The stock’s fifty day moving average is $243.74 and its two-hundred day moving average is $237.81. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.

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).