Fountainhead AM LLC Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Fountainhead AM LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,332 shares of the exchange traded fund’s stock after buying an additional 228 shares during the quarter. Fountainhead AM LLC’s holdings in SPDR Gold Shares were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Romano Brothers AND Company raised its position in shares of SPDR Gold Shares by 1.0% during the 3rd quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after acquiring an additional 40 shares in the last quarter. Delta Financial Group Inc. increased its stake in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 41 shares during the period. Spinnaker Trust raised its holdings in SPDR Gold Shares by 1.1% during the third quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares in the last quarter. Compton Wealth Advisory Group LLC lifted its holdings in shares of SPDR Gold Shares by 3.2% in the 3rd quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock valued at $342,000 after buying an additional 44 shares during the period. Finally, Ballast Inc. boosted its position in shares of SPDR Gold Shares by 3.6% during the 2nd quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 2.3 %

NYSEARCA GLD opened at $242.14 on Tuesday. SPDR Gold Shares has a 1-year low of $179.11 and a 1-year high of $257.71. The business has a 50 day moving average price of $244.18 and a 200 day moving average price of $228.80.

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).