SPDR Gold Shares (NYSEARCA:GLD) Stake Lifted by Client First Capital LLC

Client First Capital LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,771 shares of the exchange traded fund’s stock after purchasing an additional 3,026 shares during the period. SPDR Gold Shares comprises 8.6% of Client First Capital LLC’s portfolio, making the stock its 4th biggest position. Client First Capital LLC’s holdings in SPDR Gold Shares were worth $16,652,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GLD. Certified Advisory Corp raised its holdings in shares of SPDR Gold Shares by 10.3% in the 4th quarter. Certified Advisory Corp now owns 10,527 shares of the exchange traded fund’s stock valued at $2,549,000 after purchasing an additional 985 shares in the last quarter. Fermata Advisors LLC raised its stake in SPDR Gold Shares by 3.7% in the fourth quarter. Fermata Advisors LLC now owns 10,666 shares of the exchange traded fund’s stock worth $2,583,000 after buying an additional 378 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in SPDR Gold Shares by 0.7% during the fourth quarter. Ritholtz Wealth Management now owns 6,089 shares of the exchange traded fund’s stock worth $1,474,000 after buying an additional 44 shares during the period. Inspirion Wealth Advisors LLC lifted its holdings in SPDR Gold Shares by 11.0% during the fourth quarter. Inspirion Wealth Advisors LLC now owns 6,857 shares of the exchange traded fund’s stock worth $1,677,000 after buying an additional 677 shares during the period. Finally, Tallon Kerry Patrick bought a new stake in SPDR Gold Shares during the 4th quarter valued at $547,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $250.60 on Friday. SPDR Gold Shares has a 12 month low of $183.78 and a 12 month high of $257.71. The stock has a fifty day moving average price of $243.81 and a 200-day moving average price of $237.89.

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).