Schwallier Wealth Management LLC Takes $216,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Schwallier Wealth Management LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 890 shares of the exchange traded fund’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also modified their holdings of GLD. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth approximately $25,000. Semmax Financial Advisors Inc. grew its holdings in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares in the last quarter. Private Ocean LLC grew its holdings in shares of SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $28,000. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $29,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.9 %

GLD stock opened at $241.09 on Tuesday. The business has a fifty day moving average price of $245.14 and a 200 day moving average price of $229.84. SPDR Gold Shares has a fifty-two week low of $182.23 and a fifty-two week 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).