KFG Wealth Management LLC Buys 185 Shares of SPDR Gold Shares (NYSEARCA:GLD)

KFG Wealth Management LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,302 shares of the exchange traded fund’s stock after acquiring an additional 185 shares during the period. KFG Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,140,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GLD. International Assets Investment Management LLC increased its position in shares of SPDR Gold Shares by 5.1% during the fourth quarter. International Assets Investment Management LLC now owns 12,748 shares of the exchange traded fund’s stock worth $2,437,000 after acquiring an additional 617 shares in the last quarter. Wealth Alliance acquired a new position in SPDR Gold Shares during the fourth quarter worth $408,000. Avior Wealth Management LLC boosted its holdings in SPDR Gold Shares by 5.5% during the fourth quarter. Avior Wealth Management LLC now owns 3,810 shares of the exchange traded fund’s stock worth $728,000 after purchasing an additional 200 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in SPDR Gold Shares by 3.8% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 1,758 shares of the exchange traded fund’s stock worth $336,000 after purchasing an additional 64 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its holdings in SPDR Gold Shares by 265.4% during the fourth quarter. Telos Capital Management Inc. now owns 6,801 shares of the exchange traded fund’s stock worth $1,300,000 after purchasing an additional 4,940 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock traded up $5.08 during trading hours on Friday, reaching $231.99. The stock had a trading volume of 11,924,536 shares, compared to its average volume of 7,228,174. The stock has a 50-day simple moving average of $220.39 and a 200 day simple moving average of $211.30. SPDR Gold Shares has a fifty-two week low of $168.30 and a fifty-two week high of $232.02.

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).