RDA Financial Network Has $1.15 Million Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

RDA Financial Network lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,738 shares of the exchange traded fund’s stock after selling 326 shares during the quarter. RDA Financial Network’s holdings in SPDR Gold Shares were worth $1,147,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Semmax Financial Advisors Inc. increased its holdings in 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 buying an additional 48 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $35,000. Pittenger & Anderson Inc. bought a new stake in SPDR Gold Shares in the third quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC increased its position in 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 during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.7 %

Shares of NYSEARCA:GLD opened at $250.60 on Friday. The business has a 50-day moving average of $243.81 and a two-hundred day moving average of $237.89. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.

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).