Cowa LLC Has $4.84 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Cowa LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,907 shares of the exchange traded fund’s stock after acquiring an additional 3,804 shares during the period. SPDR Gold Shares accounts for approximately 2.3% of Cowa LLC’s portfolio, making the stock its 13th biggest position. Cowa LLC’s holdings in SPDR Gold Shares were worth $4,839,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GLD. Semmax Financial Advisors Inc. boosted its holdings in shares of 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 valued at $25,000 after buying an additional 48 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at $25,000. Private Ocean LLC grew its position in shares of SPDR Gold Shares by 155.1% in 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. Chris Bulman Inc acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $29,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $35,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.7 %

Shares of NYSEARCA:GLD opened at $247.98 on Friday. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71. The company has a 50-day simple moving average of $244.18 and a 200 day simple moving average of $228.61.

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).