Ashton Thomas Private Wealth LLC Has $3.05 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Ashton Thomas Private Wealth LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,818 shares of the exchange traded fund’s stock after acquiring an additional 613 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in SPDR Gold Shares were worth $3,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in SPDR Gold Shares during the first quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth $27,000. Finally, Security National Bank acquired a new stake in SPDR Gold Shares in the first quarter valued at about $28,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock traded up $2.26 during midday trading on Friday, reaching $220.25. The company’s stock had a trading volume of 2,344,643 shares, compared to its average volume of 7,240,518. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.66. The business has a 50-day moving average price of $216.32 and a 200-day moving average price of $203.52.

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).