Moss Adams Wealth Advisors LLC Takes $248,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Moss Adams Wealth Advisors LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,295 shares of the exchange traded fund’s stock, valued at approximately $248,000.

Several other hedge funds have also recently modified their holdings of GLD. Compass Ion Advisors LLC boosted its holdings 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 valued at $1,589,000 after acquiring an additional 54 shares in the last quarter. Capital Market Strategies LLC increased its position in SPDR Gold Shares by 4.6% during the 4th quarter. Capital Market Strategies LLC now owns 1,247 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 55 shares during the period. JB Capital LLC raised its stake in shares of SPDR Gold Shares by 2.4% during the 4th 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 in the last quarter. Financial Sense Advisors Inc. raised its stake in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Financial Sense Advisors Inc. now owns 2,891 shares of the exchange traded fund’s stock worth $496,000 after buying an additional 56 shares in the last quarter. Finally, Sandy Spring Bank lifted its holdings in shares of SPDR Gold Shares by 4.0% in the 4th quarter. Sandy Spring Bank now owns 1,456 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 56 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.3 %

GLD stock traded down $0.61 on Wednesday, reaching $213.60. 4,461,743 shares of the company’s stock were exchanged, compared to its average volume of 7,893,003. The stock has a fifty day moving average of $208.23 and a 200-day moving average of $194.39. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.09.

SPDR Gold Shares 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).