Mill Creek Capital Advisors LLC Purchases 3,664 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Mill Creek Capital Advisors LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 218.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,344 shares of the exchange traded fund’s stock after acquiring an additional 3,664 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ballast Inc. boosted its position in shares of SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 45 shares during the last quarter. Burkett Financial Services LLC lifted its holdings in shares of SPDR Gold Shares by 9.9% in the 2nd quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock worth $110,000 after acquiring an additional 46 shares during the last quarter. CCG Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 1.2% in the 2nd quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock worth $860,000 after acquiring an additional 46 shares during the last quarter. Apollon Financial LLC lifted its holdings in shares of SPDR Gold Shares by 1.7% in the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 47 shares during the last quarter. Finally, KG&L Capital Management LLC lifted its holdings in shares of SPDR Gold Shares by 2.2% in the 1st quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $242.68 on Tuesday. The firm has a 50-day moving average price of $229.29 and a 200-day moving average price of $219.45. SPDR Gold Shares has a 12-month low of $168.30 and a 12-month high of $243.46.

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).