SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,573 shares of the exchange traded fund’s stock after buying an additional 372 shares during the quarter. SPDR Gold Shares comprises approximately 1.8% of WealthTrust Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. WealthTrust Asset Management LLC’s holdings in SPDR Gold Shares were worth $2,488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GLD. Triad Wealth Partners LLC purchased a new position in SPDR Gold Shares during the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $26,000. Gold Investment Management Ltd. purchased a new position in shares of SPDR Gold Shares during the fourth quarter worth $27,000. Finally, Private Ocean LLC lifted its position in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 76 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.5 %

NYSEARCA GLD opened at $239.14 on Friday. The stock has a 50-day simple moving average of $228.53 and a two-hundred day simple moving average of $218.54. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $240.29.

About SPDR Gold Shares

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).