Cidel Asset Management Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,500 shares of the exchange traded fund’s stock, valued at approximately $1,769,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Allied Advisory Services Inc. grew its position in shares of SPDR Gold Shares by 30.4% during the 1st quarter. First Allied Advisory Services Inc. now owns 38,150 shares of the exchange traded fund’s stock valued at $4,656,000 after buying an additional 8,905 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $1,305,000. Sowell Financial Services LLC grew its position in shares of SPDR Gold Shares by 17.7% during the 4th quarter. Sowell Financial Services LLC now owns 12,760 shares of the exchange traded fund’s stock valued at $1,547,000 after buying an additional 1,919 shares during the last quarter. David R. Rahn & Associates Inc. grew its position in shares of SPDR Gold Shares by 18.0% during the 4th quarter. David R. Rahn & Associates Inc. now owns 39,321 shares of the exchange traded fund’s stock valued at $4,768,000 after buying an additional 5,984 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in shares of SPDR Gold Shares by 7.3% during the 4th quarter. Wedbush Securities Inc. now owns 16,798 shares of the exchange traded fund’s stock valued at $2,037,000 after buying an additional 1,145 shares during the last quarter.

Shares of NYSEARCA:GLD opened at $122.46 on Wednesday. SPDR Gold Shares has a fifty-two week low of $111.06 and a fifty-two week high of $127.21.

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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).

See Also: Discount Rate

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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