Geller Advisors LLC Invests $508,000 in SPDR Gold Shares (NYSEARCA:GLD)

Geller Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,092 shares of the exchange traded fund’s stock, valued at approximately $508,000.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. MML Investors Services LLC increased its stake in shares of SPDR Gold Shares by 7.7% in the 3rd quarter. MML Investors Services LLC now owns 346,563 shares of the exchange traded fund’s stock valued at $84,235,000 after buying an additional 24,876 shares during the period. Hodges Capital Management Inc. boosted its holdings in SPDR Gold Shares by 1.0% in the third quarter. Hodges Capital Management Inc. now owns 8,255 shares of the exchange traded fund’s stock valued at $2,006,000 after acquiring an additional 85 shares during the last quarter. Pacific Center for Financial Services increased its position in SPDR Gold Shares by 1.8% in the third quarter. Pacific Center for Financial Services now owns 2,757 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 50 shares during the period. Headinvest LLC raised its holdings in SPDR Gold Shares by 61.6% during the 3rd quarter. Headinvest LLC now owns 10,442 shares of the exchange traded fund’s stock worth $2,538,000 after purchasing an additional 3,980 shares during the last quarter. Finally, Northeast Financial Consultants Inc lifted its position in SPDR Gold Shares by 10.4% during the 3rd quarter. Northeast Financial Consultants Inc now owns 3,376 shares of the exchange traded fund’s stock valued at $821,000 after purchasing an additional 319 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.0 %

Shares of NYSEARCA:GLD opened at $242.95 on Monday. The company has a 50 day moving average of $246.36 and a 200-day moving average of $232.38. SPDR Gold Shares has a one year low of $183.15 and a one year high of $257.71.

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).