Sentinel Pension Advisors Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,454 shares of the exchange traded fund’s stock after buying an additional 189 shares during the quarter. Sentinel Pension Advisors Inc.’s holdings in SPDR Gold Shares were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of GLD. Romano Brothers AND Company boosted its stake in shares of SPDR Gold Shares by 1.0% in the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares in the last quarter. Delta Financial Group Inc. boosted its position in SPDR Gold Shares by 1.2% during the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares during the period. Spinnaker Trust boosted its position in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after buying an additional 43 shares during the period. Compton Wealth Advisory Group LLC grew its stake in shares of SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 44 shares during the last quarter. Finally, Acorn Wealth Advisors LLC increased its holdings in shares of SPDR Gold Shares by 1.4% in the third 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 period. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 1.0 %
GLD stock traded down $2.47 during trading on Monday, hitting $245.74. 8,440,494 shares of the company traded hands, compared to its average volume of 6,725,854. The company has a 50-day moving average of $244.01 and a 200-day moving average of $237.37. SPDR Gold Shares has a 1 year low of $183.78 and a 1 year high of $257.71.
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).
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