AdvisorNet Financial Inc Purchases 11,954 Shares of SPDR Gold Shares (NYSEARCA:GLD)

AdvisorNet Financial Inc boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 31.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 49,592 shares of the exchange traded fund’s stock after buying an additional 11,954 shares during the quarter. SPDR Gold Shares makes up about 1.0% of AdvisorNet Financial Inc’s portfolio, making the stock its 23rd largest position. AdvisorNet Financial Inc’s holdings in SPDR Gold Shares were worth $12,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. grew its position in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares during the period. Ashton Thomas Securities LLC bought a new position in SPDR Gold Shares in the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $38,000. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 78.9% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.0 %

Shares of SPDR Gold Shares stock opened at $245.74 on Tuesday. The business has a fifty day simple moving average of $243.87 and a 200 day simple moving average of $237.59. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71.

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).