Nicholson Wealth Management Group LLC Makes New $869,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Nicholson Wealth Management Group LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, HoldingsChannel reports. The institutional investor acquired 3,576 shares of the exchange traded fund’s stock, valued at approximately $869,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its holdings in shares of SPDR Gold Shares by 42.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,474 shares of the exchange traded fund’s stock worth $1,949,000 after purchasing an additional 2,818 shares during the last quarter. Signet Financial Management LLC bought a new stake in SPDR Gold Shares during the first quarter worth about $231,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SPDR Gold Shares by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,828 shares of the exchange traded fund’s stock worth $32,880,000 after buying an additional 1,467 shares in the last quarter. Hengehold Capital Management LLC raised its stake in shares of SPDR Gold Shares by 3.9% in the first quarter. Hengehold Capital Management LLC now owns 1,340 shares of the exchange traded fund’s stock valued at $276,000 after acquiring an additional 50 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its holdings in shares of SPDR Gold Shares by 19.6% in the 1st quarter. Capital Asset Advisory Services LLC now owns 2,037 shares of the exchange traded fund’s stock worth $438,000 after acquiring an additional 334 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.8 %

GLD stock opened at $252.76 on Friday. The business has a fifty day moving average price of $239.18 and a 200 day moving average price of $225.85. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.94.

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).