Wealthstar Advisors LLC Purchases Shares of 4,559 SPDR Gold Shares (NYSEARCA:GLD)

Wealthstar Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel reports. The firm purchased 4,559 shares of the exchange traded fund’s stock, valued at approximately $1,104,000.

Other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC increased its stake in shares of SPDR Gold Shares by 51.1% in the third quarter. Valeo Financial Advisors LLC now owns 6,955 shares of the exchange traded fund’s stock valued at $1,691,000 after buying an additional 2,351 shares during the period. Ritholtz Wealth Management increased its position in SPDR Gold Shares by 11.2% during the 3rd quarter. Ritholtz Wealth Management now owns 6,045 shares of the exchange traded fund’s stock valued at $1,469,000 after purchasing an additional 611 shares during the period. Kings Path Partners LLC raised its holdings in SPDR Gold Shares by 25.0% during the 3rd quarter. Kings Path Partners LLC now owns 5,000 shares of the exchange traded fund’s stock worth $1,215,000 after purchasing an additional 1,000 shares during the last quarter. Annex Advisory Services LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $445,000. Finally, Compton Wealth Advisory Group LLC boosted its stake 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 purchasing an additional 44 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $263.90 on Monday. The company’s fifty day simple moving average is $248.30 and its 200 day simple moving average is $242.07. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $266.35.

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).