Raleigh Capital Management Inc. Has $2.72 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Raleigh Capital Management Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 66.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,235 shares of the exchange traded fund’s stock after buying an additional 4,504 shares during the quarter. SPDR Gold Shares comprises about 1.0% of Raleigh Capital Management Inc.’s portfolio, making the stock its 14th largest holding. Raleigh Capital Management Inc.’s holdings in SPDR Gold Shares were worth $2,720,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GLD. Adirondack Trust Co. boosted its stake in SPDR Gold Shares by 3.3% in the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 43 shares during the period. D.B. Root & Company LLC lifted its holdings in shares of SPDR Gold Shares by 4.9% during the fourth quarter. D.B. Root & Company LLC now owns 9,208 shares of the exchange traded fund’s stock worth $2,230,000 after buying an additional 428 shares in the last quarter. True North Advisors LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $222,000. Independent Wealth Network Inc. grew its stake in shares of SPDR Gold Shares by 2.6% in the fourth quarter. Independent Wealth Network Inc. now owns 9,998 shares of the exchange traded fund’s stock valued at $2,421,000 after acquiring an additional 256 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 1.9% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,990 shares of the exchange traded fund’s stock valued at $966,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5 %

Shares of SPDR Gold Shares stock opened at $254.43 on Thursday. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The company has a 50-day simple moving average of $244.59 and a two-hundred day simple moving average of $239.07.

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).