Summit Financial Wealth Advisors LLC Acquires 213 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Summit Financial Wealth Advisors LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,159 shares of the exchange traded fund’s stock after purchasing an additional 213 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,011,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Acorn Wealth Advisors LLC boosted its holdings in SPDR Gold Shares by 1.4% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after acquiring an additional 44 shares during the period. Private Trust Co. NA boosted its stake in shares of SPDR Gold Shares by 21.1% during the third quarter. Private Trust Co. NA now owns 10,158 shares of the exchange traded fund’s stock valued at $2,469,000 after purchasing an additional 1,772 shares during the period. Canton Hathaway LLC grew its holdings in shares of SPDR Gold Shares by 1.3% in the third quarter. Canton Hathaway LLC now owns 37,701 shares of the exchange traded fund’s stock worth $9,164,000 after purchasing an additional 497 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of SPDR Gold Shares in the third quarter worth $85,000. Finally, Brown Brothers Harriman & Co. raised its holdings in SPDR Gold Shares by 53.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 40,590 shares of the exchange traded fund’s stock valued at $9,866,000 after buying an additional 14,191 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $242.48 on Tuesday. The company’s fifty day simple moving average is $246.11 and its two-hundred day simple moving average is $230.92. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

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).