SPDR Gold Shares (NYSEARCA:GLD) Position Increased by Christensen King & Associates Investment Services Inc.

Christensen King & Associates Investment Services Inc. boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,538 shares of the exchange traded fund’s stock after buying an additional 60 shares during the period. Christensen King & Associates Investment Services Inc.’s holdings in SPDR Gold Shares were worth $854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grandview Asset Management LLC grew its holdings in SPDR Gold Shares by 11.4% in the 4th quarter. Grandview Asset Management LLC now owns 4,477 shares of the exchange traded fund’s stock worth $1,084,000 after buying an additional 459 shares in the last quarter. PSI Advisors LLC boosted its holdings in SPDR Gold Shares by 48.1% during the fourth quarter. PSI Advisors LLC now owns 465 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 151 shares in the last quarter. Marcum Wealth LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $222,000. Ellenbecker Investment Group raised its holdings in shares of SPDR Gold Shares by 29.3% during the fourth quarter. Ellenbecker Investment Group now owns 1,121 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 254 shares during the period. Finally, Gunderson Capital Management Inc. grew its holdings in shares of SPDR Gold Shares by 8.8% during the fourth quarter. Gunderson Capital Management Inc. now owns 5,264 shares of the exchange traded fund’s stock valued at $1,275,000 after buying an additional 426 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 opened at $245.74 on Tuesday. SPDR Gold Shares has a 52 week low of $183.78 and a 52 week high of $257.71. The firm has a 50 day simple moving average of $243.87 and a 200 day simple moving average of $237.59.

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).