EQ Wealth Advisors LLC Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

EQ Wealth Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 972 shares of the exchange traded fund’s stock, valued at approximately $235,000.

A number of other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares during the last quarter. Stifel Financial Corp lifted its holdings in SPDR Gold Shares by 13.9% during the 3rd quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after purchasing an additional 100,149 shares during the last quarter. State Street Corp boosted its stake in SPDR Gold Shares by 6.6% in the 3rd quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock valued at $185,774,000 after purchasing an additional 47,507 shares during the period. US Bancorp DE boosted its stake in SPDR Gold Shares by 0.5% in the 3rd quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock valued at $168,112,000 after purchasing an additional 3,614 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in SPDR Gold Shares by 4.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock worth $161,670,000 after buying an additional 30,952 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $258.56 on Monday. The firm has a 50-day moving average of $246.38 and a 200-day moving average of $240.80. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $259.99.

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).