Claro Advisors LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Claro Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.5% during the first quarter, HoldingsChannel.com reports. The firm owned 4,159 shares of the exchange traded fund’s stock after buying an additional 618 shares during the period. Claro Advisors LLC’s holdings in SPDR Gold Shares were worth $856,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GLD. First Personal Financial Services purchased a new position in SPDR Gold Shares in the 4th quarter worth $25,000. Frazier Financial Advisors LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares in the first quarter valued at $26,000. Gold Investment Management Ltd. purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $27,000. Finally, Security National Bank acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $215.59 on Tuesday. The company’s fifty day moving average price is $216.20 and its 200 day moving average price is $202.93. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $225.66.

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).