First National Corp MA ADV Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

First National Corp MA ADV grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 106.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,697 shares of the exchange traded fund’s stock after purchasing an additional 47,876 shares during the period. SPDR Gold Shares comprises about 5.0% of First National Corp MA ADV’s holdings, making the stock its 2nd largest holding. First National Corp MA ADV’s holdings in SPDR Gold Shares were worth $22,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Semmax Financial Advisors Inc. raised its position in SPDR Gold Shares by 78.7% in 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 during the period. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at about $26,000. Private Ocean LLC boosted its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Chris Bulman Inc bought a new position in SPDR Gold Shares during the 2nd quarter worth approximately $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock traded down $1.41 during trading hours on Wednesday, reaching $240.96. The stock had a trading volume of 794,034 shares, compared to its average volume of 7,018,581. The company has a fifty day simple moving average of $234.17 and a 200-day simple moving average of $222.88. SPDR Gold Shares has a 52 week low of $171.90 and a 52 week high of $247.37.

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).