Global Retirement Partners LLC Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Global Retirement Partners LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,402 shares of the exchange traded fund’s stock after acquiring an additional 6,089 shares during the quarter. Global Retirement Partners LLC’s holdings in SPDR Gold Shares were worth $7,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Plan Group Financial LLC boosted its position in shares of SPDR Gold Shares by 11.9% during the fourth quarter. Plan Group Financial LLC now owns 5,795 shares of the exchange traded fund’s stock valued at $1,403,000 after buying an additional 616 shares during the period. Klingman & Associates LLC lifted its stake in shares of SPDR Gold Shares by 5.4% during the 4th quarter. Klingman & Associates LLC now owns 1,843 shares of the exchange traded fund’s stock worth $446,000 after acquiring an additional 95 shares during the last quarter. Davidson Investment Advisors purchased a new position in SPDR Gold Shares during the 4th quarter valued at $471,000. Morton Brown Family Wealth LLC grew its position in SPDR Gold Shares by 76.5% in the 4th quarter. Morton Brown Family Wealth LLC now owns 503 shares of the exchange traded fund’s stock valued at $122,000 after acquiring an additional 218 shares during the last quarter. Finally, Proactive Wealth Strategies LLC increased its stake in SPDR Gold Shares by 19.3% in the fourth quarter. Proactive Wealth Strategies LLC now owns 14,253 shares of the exchange traded fund’s stock worth $3,451,000 after purchasing an additional 2,302 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.7 %

NYSEARCA:GLD opened at $270.70 on Wednesday. The stock has a fifty day simple moving average of $251.61 and a 200-day simple moving average of $244.45. SPDR Gold Shares has a twelve month low of $187.05 and a twelve month high of $271.01.

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).