SMART Wealth LLC Increases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

SMART Wealth LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 39.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,139 shares of the exchange traded fund’s stock after buying an additional 2,845 shares during the quarter. SPDR Gold Shares accounts for approximately 1.0% of SMART Wealth LLC’s holdings, making the stock its 27th biggest holding. SMART Wealth LLC’s holdings in SPDR Gold Shares were worth $2,464,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GLD. Romano Brothers AND Company increased its position in 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. Delta Financial Group Inc. increased its position in 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 in the last quarter. Spinnaker Trust increased its position in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC boosted its stake in SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after buying an additional 44 shares during the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in SPDR Gold Shares by 1.4% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $244.29 on Monday. The stock’s 50-day moving average price is $246.60 and its two-hundred day moving average price is $233.47. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month 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).