McAdam LLC Has $802,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

McAdam LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 73.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,313 shares of the exchange traded fund’s stock after acquiring an additional 1,407 shares during the quarter. McAdam LLC’s holdings in SPDR Gold Shares were worth $802,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Romano Brothers AND Company raised its stake in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC increased its holdings in SPDR Gold Shares by 0.6% in the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after buying an additional 41 shares during the last quarter. Spinnaker Trust raised its position in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after acquiring an additional 43 shares in the last quarter. Adirondack Trust Co. lifted its stake in SPDR Gold Shares by 3.3% in the fourth quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 43 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC grew its position in 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 worth $342,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $258.56 on Monday. The company’s fifty day moving average is $246.38 and its 200-day moving average is $240.71. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $259.99.

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).