DCF Advisers LLC Has $4.73 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

DCF Advisers LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 29.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the exchange traded fund’s stock after buying an additional 5,000 shares during the period. SPDR Gold Shares makes up about 2.4% of DCF Advisers LLC’s investment portfolio, making the stock its 12th biggest position. DCF Advisers LLC’s holdings in SPDR Gold Shares were worth $4,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Ballast Inc. grew its stake in SPDR Gold Shares by 3.6% during the second quarter. Ballast Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 45 shares in the last quarter. Burkett Financial Services LLC lifted its holdings in SPDR Gold Shares by 9.9% in the second quarter. Burkett Financial Services LLC now owns 512 shares of the exchange traded fund’s stock valued at $110,000 after buying an additional 46 shares during the period. CCG Wealth Management LLC boosted its position in shares of SPDR Gold Shares by 1.2% during the 2nd quarter. CCG Wealth Management LLC now owns 4,001 shares of the exchange traded fund’s stock valued at $860,000 after purchasing an additional 46 shares in the last quarter. Apollon Financial LLC boosted its holdings in shares of SPDR Gold Shares by 1.7% during the 2nd quarter. Apollon Financial LLC now owns 2,809 shares of the exchange traded fund’s stock worth $604,000 after buying an additional 47 shares in the last quarter. Finally, KG&L Capital Management LLC boosted its stake in SPDR Gold Shares by 2.2% during the first quarter. KG&L Capital Management LLC now owns 2,205 shares of the exchange traded fund’s stock worth $454,000 after acquiring an additional 48 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.5 %

Shares of SPDR Gold Shares stock opened at $239.14 on Friday. SPDR Gold Shares has a one year low of $168.30 and a one year high of $240.29. The business has a 50-day simple moving average of $228.53 and a 200 day simple moving average of $218.54.

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).