KFG Wealth Management LLC Has $972,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

KFG Wealth Management LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,083 shares of the exchange traded fund’s stock after buying an additional 417 shares during the quarter. KFG Wealth Management LLC’s holdings in SPDR Gold Shares were worth $972,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. acquired a new stake in SPDR Gold Shares in the 1st quarter worth about $24,420,000. Covestor Ltd raised its stake in SPDR Gold Shares by 69.4% in the 1st quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 218 shares in the last quarter. Merit Financial Group LLC raised its stake in SPDR Gold Shares by 18.6% in the 1st quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock worth $501,000 after purchasing an additional 435 shares in the last quarter. First Western Trust Bank acquired a new stake in SPDR Gold Shares in the 1st quarter worth about $256,000. Finally, Prudential Financial Inc. raised its stake in SPDR Gold Shares by 32.5% in the 1st quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock worth $6,666,000 after purchasing an additional 9,049 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock traded up $0.69 during midday trading on Friday, hitting $221.03. The company’s stock had a trading volume of 8,678,634 shares, compared to its average volume of 7,892,074. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09. The company has a 50-day moving average price of $200.89 and a two-hundred day moving average price of $190.48.

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).