Key Client Fiduciary Advisors LLC Invests $276,000 in SPDR Gold Shares (NYSEARCA:GLD)

Key Client Fiduciary Advisors LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,341 shares of the exchange traded fund’s stock, valued at approximately $276,000.

Several other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $26,000. First Personal Financial Services bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $26,000. Security National Bank bought a new stake in SPDR Gold Shares in the 1st quarter valued at about $28,000. Finally, Gold Investment Management Ltd. bought a new stake in SPDR Gold Shares in the 4th quarter valued at about $27,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $214.99 on Friday. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $225.66. The firm has a 50-day moving average price of $216.43 and a two-hundred day moving average price of $202.38.

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).