KFA Private Wealth Group LLC Has $1.22 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

KFA Private Wealth Group LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,924 shares of the exchange traded fund’s stock after buying an additional 370 shares during the quarter. KFA Private Wealth Group LLC’s holdings in SPDR Gold Shares were worth $1,219,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Scarborough Advisors LLC lifted its stake in SPDR Gold Shares by 10,133.3% during the fourth quarter. Scarborough Advisors LLC now owns 2,662,393 shares of the exchange traded fund’s stock worth $508,970,000 after purchasing an additional 2,636,376 shares during the last quarter. International Assets Investment Management LLC lifted its stake in SPDR Gold Shares by 19,989.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,437,035 shares of the exchange traded fund’s stock worth $465,888,000 after purchasing an additional 2,424,904 shares during the last quarter. Euclidean Capital LLC lifted its stake in SPDR Gold Shares by 91.4% during the third quarter. Euclidean Capital LLC now owns 1,062,500 shares of the exchange traded fund’s stock worth $182,166,000 after purchasing an additional 507,500 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in SPDR Gold Shares by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,054,867 shares of the exchange traded fund’s stock worth $201,659,000 after purchasing an additional 47,681 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in SPDR Gold Shares by 2.8% during the first quarter. Raymond James & Associates now owns 868,088 shares of the exchange traded fund’s stock worth $178,583,000 after purchasing an additional 23,468 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.3 %

NYSEARCA GLD traded up $2.94 on Friday, hitting $220.93. 5,950,550 shares of the company’s stock were exchanged, compared to its average volume of 5,008,163. The stock has a 50-day moving average of $216.40 and a 200-day moving average of $203.75. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66.

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).