Secure Asset Management LLC Has $1.34 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Secure Asset Management LLC increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,549 shares of the exchange traded fund’s stock after purchasing an additional 273 shares during the quarter. Secure Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new position in SPDR Gold Shares in the 3rd quarter worth $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth $38,000. Sugarloaf Wealth Management LLC boosted its holdings in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 71 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at about $40,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $254.07 on Friday. The stock has a 50-day simple moving average of $244.59 and a 200 day simple moving average of $239.07. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).