SPDR Gold Shares (NYSEARCA:GLD) is swisspartners Advisors Ltd’s 3rd Largest Position

swisspartners Advisors Ltd raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,580 shares of the exchange traded fund’s stock after purchasing an additional 4,000 shares during the quarter. SPDR Gold Shares accounts for approximately 15.3% of swisspartners Advisors Ltd’s portfolio, making the stock its 3rd largest holding. swisspartners Advisors Ltd’s holdings in SPDR Gold Shares were worth $8,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Romano Brothers AND Company grew its stake in SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after buying an additional 40 shares during the period. Magnus Financial Group LLC raised its stake in shares of 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 valued at $1,780,000 after purchasing an additional 41 shares during the period. Spinnaker Trust grew its stake in shares of 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 acquiring an additional 43 shares in the last quarter. Adirondack Trust Co. increased its holdings in SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 43 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC boosted its stake in shares of SPDR Gold Shares by 3.2% during the 3rd 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. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.2 %

GLD opened at $263.90 on Monday. The firm’s fifty day moving average price is $248.30 and its 200 day moving average price is $242.07. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $266.35.

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).