Heck Capital Advisors LLC Buys New Position in SPDR Gold Shares (NYSEARCA:GLD)

Heck Capital Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,070 shares of the exchange traded fund’s stock, valued at approximately $17,692,000. SPDR Gold Shares accounts for about 1.2% of Heck Capital Advisors LLC’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds have also made changes to their positions in the business. Austin Private Wealth LLC grew its holdings in shares of SPDR Gold Shares by 6.8% in the fourth quarter. Austin Private Wealth LLC now owns 2,962 shares of the exchange traded fund’s stock valued at $717,000 after purchasing an additional 188 shares in the last quarter. West Bancorporation Inc. acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth $226,000. Saxony Capital Management LLC grew its stake in shares of SPDR Gold Shares by 2.8% in the fourth quarter. Saxony Capital Management LLC now owns 3,284 shares of the exchange traded fund’s stock worth $795,000 after acquiring an additional 90 shares in the last quarter. Hamilton Point Investment Advisors LLC raised its stake in shares of SPDR Gold Shares by 8.7% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 2,129 shares of the exchange traded fund’s stock valued at $515,000 after acquiring an additional 170 shares in the last quarter. Finally, Keudell Morrison Wealth Management boosted its holdings in SPDR Gold Shares by 2.6% in the fourth quarter. Keudell Morrison Wealth Management now owns 2,278 shares of the exchange traded fund’s stock valued at $552,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $258.56 on Friday. The business has a fifty day moving average price of $246.21 and a 200 day moving average price of $240.38. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $259.99.

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).