Conservest Capital Advisors Inc. Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Conservest Capital Advisors Inc. grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,517 shares of the exchange traded fund’s stock after purchasing an additional 3,639 shares during the period. SPDR Gold Shares makes up about 0.8% of Conservest Capital Advisors Inc.’s investment portfolio, making the stock its 20th largest position. Conservest Capital Advisors Inc.’s holdings in SPDR Gold Shares were worth $7,661,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GLD. Triad Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $25,000. Semmax Financial Advisors Inc. raised its stake in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Private Ocean LLC raised its stake in shares of 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. Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares in the second quarter worth $29,000. Finally, EdgeRock Capital LLC bought a new stake in shares of SPDR Gold Shares in the second quarter worth $37,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $252.47 on Friday. The company has a fifty day simple moving average of $242.43 and a 200 day simple moving average of $227.60. SPDR Gold Shares has a 12-month low of $179.11 and a 12-month high of $257.71.

SPDR Gold Shares 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).