MONECO Advisors LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.3% in the second quarter, Holdings Channel reports. The institutional investor owned 19,710 shares of the exchange traded fund’s stock after acquiring an additional 447 shares during the quarter. SPDR Gold Shares makes up approximately 1.5% of MONECO Advisors LLC’s holdings, making the stock its 12th largest position. MONECO Advisors LLC’s holdings in SPDR Gold Shares were worth $3,265,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in SPDR Gold Shares in the 2nd quarter valued at $27,000. Freedman Financial Associates Inc. grew its stake in SPDR Gold Shares by 118.1% in the 2nd quarter. Freedman Financial Associates Inc. now owns 229 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 124 shares during the last quarter. Abundance Wealth Counselors acquired a new position in SPDR Gold Shares in the 1st quarter valued at $40,000. Ten Capital Wealth Advisors LLC grew its stake in SPDR Gold Shares by 61.7% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 262 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 100 shares during the last quarter. Finally, Burleson & Company LLC acquired a new position in SPDR Gold Shares in the 1st quarter valued at $72,000. Institutional investors own 39.20% of the company’s stock.
NYSEARCA:GLD traded down $1.13 during midday trading on Wednesday, reaching $167.69. The stock had a trading volume of 447,061 shares, compared to its average volume of 8,678,142. SPDR Gold Shares has a 1-year low of $157.13 and a 1-year high of $185.01. The firm’s fifty day simple moving average is $168.26 and its 200-day simple moving average is $167.86.
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).
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