HTG Investment Advisors Inc. Invests $250,000 in SPDR Gold Shares (NYSEARCA:GLD)

HTG Investment Advisors Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,309 shares of the exchange traded fund’s stock, valued at approximately $250,000.

A number of other institutional investors have also recently modified their holdings of the stock. Compass Ion Advisors LLC raised its stake in shares of SPDR Gold Shares by 0.7% in the fourth quarter. Compass Ion Advisors LLC now owns 8,313 shares of the exchange traded fund’s stock worth $1,589,000 after buying an additional 54 shares during the period. Pensionmark Financial Group LLC raised its stake in shares of SPDR Gold Shares by 1.1% in the first quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock worth $921,000 after buying an additional 55 shares during the period. Capital Market Strategies LLC raised its stake in shares of SPDR Gold Shares by 4.6% in the fourth quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 55 shares during the period. JB Capital LLC raised its stake in shares of SPDR Gold Shares by 2.4% in the fourth quarter. JB Capital LLC now owns 2,379 shares of the exchange traded fund’s stock worth $455,000 after buying an additional 55 shares during the period. Finally, IAG Wealth Partners LLC grew its position in shares of SPDR Gold Shares by 9.5% during the third quarter. IAG Wealth Partners LLC now owns 648 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 56 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded up $4.17 during trading on Thursday, hitting $219.78. 11,281,383 shares of the company’s stock were exchanged, compared to its average volume of 7,376,548. SPDR Gold Shares has a 52-week low of $168.30 and a 52-week high of $219.84. The business’s 50-day simple moving average is $197.16 and its 200 day simple moving average is $188.69.

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).