SPDR Gold Shares (NYSEARCA:GLD) Shares Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 28.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,484 shares of the exchange traded fund’s stock after buying an additional 25,624 shares during the period. SPDR Gold Shares comprises about 3.7% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 5th largest holding. Redhawk Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $27,720,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Semmax Financial Advisors Inc. boosted its stake in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new stake in SPDR Gold Shares during the 3rd quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 71 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $248.88 on Thursday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The company’s 50-day moving average price is $243.74 and its 200-day moving average price is $237.81.

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).