Verdence Capital Advisors LLC Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Verdence Capital Advisors LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,753 shares of the exchange traded fund’s stock after buying an additional 92 shares during the quarter. Verdence Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $25,000. Semmax Financial Advisors Inc. raised its stake 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 valued at $25,000 after buying an additional 48 shares during the last quarter. Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares during the period. Chris Bulman Inc purchased a new position in SPDR Gold Shares during the second quarter valued at approximately $29,000. Finally, Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $35,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.7 %

Shares of NYSEARCA GLD opened at $247.96 on Friday. The firm’s 50 day simple moving average is $244.18 and its 200-day simple moving average is $228.61. SPDR Gold Shares has a 12 month low of $179.11 and a 12 month 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).