Private Capital Advisors Inc. Invests $242,000 in SPDR Gold Shares (NYSEARCA:GLD)

Private Capital Advisors Inc. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,000 shares of the exchange traded fund’s stock, valued at approximately $242,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Romano Brothers AND Company increased its holdings 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 acquiring an additional 40 shares during the last quarter. Delta Financial Group Inc. increased its stake in SPDR Gold Shares by 1.2% in the third quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares during the last quarter. Magnus Financial Group LLC raised its holdings in SPDR Gold Shares by 0.6% during the fourth quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust lifted its position in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after buying an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. boosted its holdings in shares of SPDR Gold Shares by 3.3% in the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.1 %

NYSEARCA GLD opened at $254.07 on Friday. The firm’s fifty day moving average price is $244.59 and its 200 day moving average price is $239.07. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

SPDR Gold Shares Company 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).