Claro Advisors LLC Has $856,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Claro Advisors LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,159 shares of the exchange traded fund’s stock after buying an additional 618 shares during the period. Claro Advisors LLC’s holdings in SPDR Gold Shares were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GLD. First Personal Financial Services bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in SPDR Gold Shares in the first quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in SPDR Gold Shares in the fourth quarter valued at $27,000. Finally, Security National Bank acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $28,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

Shares of SPDR Gold Shares stock opened at $215.59 on Tuesday. The business has a 50-day simple moving average of $216.20 and a 200 day simple moving average of $202.93. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.66.

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).