Key Financial Inc Grows Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Key Financial Inc lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 938 shares of the exchange traded fund’s stock after acquiring an additional 100 shares during the quarter. Key Financial Inc’s holdings in SPDR Gold Shares were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLD. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC bought a new position in SPDR Gold Shares in the 1st quarter worth $26,000. Frazier Financial Advisors LLC bought a new position in SPDR Gold Shares in the 4th quarter worth $26,000. Security National Bank bought a new position in SPDR Gold Shares in the 1st quarter worth $28,000. Finally, Gold Investment Management Ltd. bought a new position in SPDR Gold Shares in the 4th quarter worth $27,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $231.29 on Friday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $234.01. The firm has a fifty day simple moving average of $223.46 and a two-hundred day simple moving average of $213.70.

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).