Granite Bay Wealth Management LLC Has $2.52 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Granite Bay Wealth Management LLC grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,406 shares of the exchange traded fund’s stock after acquiring an additional 365 shares during the period. SPDR Gold Shares accounts for approximately 0.9% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Granite Bay Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,520,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Benson Investment Management Company Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $5,435,000. Tsfg LLC grew its holdings in SPDR Gold Shares by 40.6% in the fourth quarter. Tsfg LLC now owns 3,590 shares of the exchange traded fund’s stock worth $869,000 after purchasing an additional 1,036 shares during the period. Sentinel Pension Advisors Inc. increased its stake in SPDR Gold Shares by 5.8% in the fourth quarter. Sentinel Pension Advisors Inc. now owns 3,454 shares of the exchange traded fund’s stock valued at $836,000 after purchasing an additional 189 shares in the last quarter. Courier Capital LLC raised its holdings in shares of SPDR Gold Shares by 10.7% during the fourth quarter. Courier Capital LLC now owns 1,465 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 142 shares during the period. Finally, Peddock Capital Advisors LLC boosted its position in shares of SPDR Gold Shares by 62.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 11,045 shares of the exchange traded fund’s stock worth $2,674,000 after purchasing an additional 4,234 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $245.74 on Tuesday. The stock has a 50-day moving average of $243.87 and a 200-day moving average of $237.59. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71.

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).