WealthTrust Asset Management LLC Boosts Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

WealthTrust Asset Management LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,573 shares of the exchange traded fund’s stock after buying an additional 372 shares during the period. SPDR Gold Shares accounts for 1.8% of WealthTrust Asset Management LLC’s holdings, making the stock its 16th biggest position. WealthTrust Asset Management LLC’s holdings in SPDR Gold Shares were worth $2,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DCF Advisers LLC increased its stake in shares of SPDR Gold Shares by 29.4% in the 2nd quarter. DCF Advisers LLC now owns 22,000 shares of the exchange traded fund’s stock valued at $4,730,000 after purchasing an additional 5,000 shares in the last quarter. Hollencrest Capital Management grew its holdings in SPDR Gold Shares by 8.2% in the second quarter. Hollencrest Capital Management now owns 4,115 shares of the exchange traded fund’s stock valued at $885,000 after purchasing an additional 312 shares during the period. GM Advisory Group LLC grew its holdings in SPDR Gold Shares by 1.9% in the second quarter. GM Advisory Group LLC now owns 4,561 shares of the exchange traded fund’s stock valued at $981,000 after purchasing an additional 83 shares during the period. Brighton Jones LLC increased its position in shares of SPDR Gold Shares by 2.1% in the second quarter. Brighton Jones LLC now owns 11,252 shares of the exchange traded fund’s stock valued at $2,419,000 after buying an additional 234 shares in the last quarter. Finally, Bright Financial Advisors Inc. raised its stake in shares of SPDR Gold Shares by 2.0% during the 2nd quarter. Bright Financial Advisors Inc. now owns 61,071 shares of the exchange traded fund’s stock worth $13,131,000 after buying an additional 1,170 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $239.14 on Friday. The company’s fifty day moving average price is $228.53 and its 200 day moving average price is $218.54. SPDR Gold Shares has a 1 year low of $168.30 and a 1 year high of $240.29.

SPDR Gold Shares Company 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).