OMC Financial Services LTD Purchases Shares of 37,864 SPDR Gold Shares (NYSEARCA:GLD)

OMC Financial Services LTD acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,864 shares of the exchange traded fund’s stock, valued at approximately $7,789,000. SPDR Gold Shares makes up approximately 4.0% of OMC Financial Services LTD’s portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hamilton Wealth LLC boosted its stake in SPDR Gold Shares by 6.3% during the first quarter. Hamilton Wealth LLC now owns 51,224 shares of the exchange traded fund’s stock worth $10,538,000 after acquiring an additional 3,049 shares in the last quarter. Tactive Advisors LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $291,000. Pathway Financial Advisers LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth about $229,000. Alexander Labrunerie & CO. Inc. acquired a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $258,000. Finally, Cetera Advisors LLC increased its position in SPDR Gold Shares by 22.9% in the 1st quarter. Cetera Advisors LLC now owns 184,155 shares of the exchange traded fund’s stock valued at $37,884,000 after buying an additional 34,336 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

GLD stock traded down $0.43 during midday trading on Friday, reaching $225.34. 11,109,387 shares of the company’s stock traded hands, compared to its average volume of 6,606,000. The firm’s fifty day moving average price is $218.58 and its 200-day moving average price is $208.34. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $229.65.

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).