Sanchez Wealth Management Group Takes Position in SPDR Gold Shares (NYSEARCA:GLD)

Sanchez Wealth Management Group purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel reports. The firm purchased 1,043 shares of the exchange traded fund’s stock, valued at approximately $253,000.

Several other large investors also recently bought and sold shares of GLD. Romano Brothers AND Company grew its position in shares of SPDR Gold Shares by 1.0% in the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock valued at $1,002,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC increased its stake in shares of SPDR Gold Shares by 0.6% in the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 41 shares during the last quarter. Spinnaker Trust raised its holdings in shares of SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after acquiring an additional 43 shares during the period. Adirondack Trust Co. raised its holdings in shares of SPDR Gold Shares by 3.3% during the 4th quarter. Adirondack Trust Co. now owns 1,349 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 43 shares during the period. Finally, Compton Wealth Advisory Group LLC grew its holdings in shares of SPDR Gold Shares by 3.2% in the third 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 period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $263.90 on Friday. The company has a 50-day moving average price of $248.30 and a 200 day moving average price of $241.93. 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).