Acorn Wealth Advisors LLC Has $1.14 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Acorn Wealth Advisors LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 44.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,693 shares of the exchange traded fund’s stock after acquiring an additional 1,451 shares during the period. Acorn Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,136,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares during the third quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $31,000. PayPay Securities Corp boosted its stake in shares of SPDR Gold Shares by 55.3% during the 4th quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 47 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $272.21 on Tuesday. SPDR Gold Shares has a twelve month low of $187.53 and a twelve month high of $272.32. The business has a 50 day moving average price of $253.55 and a 200 day moving average price of $245.84.

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).