RFG Advisory LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.8% during the fourth quarter, Holdings Channel reports. The firm owned 2,612 shares of the exchange traded fund’s stock after purchasing an additional 119 shares during the quarter. RFG Advisory LLC’s holdings in SPDR Gold Shares were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC bought a new position in SPDR Gold Shares during the second quarter valued at approximately $28,000. Strategic Blueprint LLC bought a new position in SPDR Gold Shares during the third quarter valued at approximately $29,000. Baystate Wealth Management LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $32,000. Corbenic Partners LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $35,000. Finally, Reilly Financial Advisors LLC bought a new position in SPDR Gold Shares during the third quarter valued at approximately $38,000.
Shares of SPDR Gold Shares stock opened at $147.12 on Friday. The company’s 50 day moving average is $142.77 and its 200 day moving average is $140.34. SPDR Gold Shares has a twelve month low of $119.54 and a twelve month high of $148.61.
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).
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