Verdence Capital Advisors LLC Has $1.22 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

Verdence Capital Advisors LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,661 shares of the exchange traded fund’s stock after acquiring an additional 49 shares during the quarter. Verdence Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $1,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in SPDR Gold Shares during the first quarter worth approximately $26,000. Frazier Financial Advisors LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Security National Bank bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $28,000. Finally, Gold Investment Management Ltd. acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $27,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $232.76 on Tuesday. The stock’s fifty day simple moving average is $222.48 and its 200 day simple moving average is $213.12. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $234.01.

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).