GHP Investment Advisors Inc. Decreases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

GHP Investment Advisors Inc. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 27.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 600 shares of the exchange traded fund’s stock after selling 226 shares during the period. GHP Investment Advisors Inc.’s holdings in SPDR Gold Shares were worth $145,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Rik Saylor Financial Inc. acquired a new position in SPDR Gold Shares during the 4th quarter valued at approximately $992,000. Oakworth Capital Inc. grew its holdings in shares of SPDR Gold Shares by 0.7% during the fourth quarter. Oakworth Capital Inc. now owns 130,977 shares of the exchange traded fund’s stock valued at $31,713,000 after buying an additional 897 shares during the last quarter. McHugh Group LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $2,057,000. Buck Wealth Strategies LLC raised its stake in SPDR Gold Shares by 59.0% in the 4th quarter. Buck Wealth Strategies LLC now owns 41,809 shares of the exchange traded fund’s stock worth $10,123,000 after acquiring an additional 15,511 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its position in SPDR Gold Shares by 1.0% during the 4th quarter. Financial Advocates Investment Management now owns 62,354 shares of the exchange traded fund’s stock worth $15,098,000 after acquiring an additional 631 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

SPDR Gold Shares stock opened at $263.90 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $266.35. The business’s 50-day simple moving average is $247.93 and its two-hundred day simple moving average is $241.64.

About SPDR Gold Shares

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).