Hamel Associates Inc. Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Hamel Associates Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 13,105 shares of the exchange traded fund’s stock after acquiring an additional 165 shares during the quarter. Hamel Associates Inc.’s holdings in SPDR Gold Shares were worth $3,185,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. lifted its stake in SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the period. Private Ocean LLC grew its holdings in SPDR Gold Shares by 155.1% during the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the 3rd quarter valued at about $28,000. Finally, Chris Bulman Inc bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.8 %

NYSEARCA GLD opened at $240.10 on Wednesday. The firm’s 50 day moving average price is $244.59 and its 200-day moving average price is $229.15. SPDR Gold Shares has a 52-week low of $179.11 and a 52-week high of $257.71.

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).