Pure Financial Advisors LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Pure Financial Advisors LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 7.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,725 shares of the exchange traded fund’s stock after buying an additional 125 shares during the quarter. Pure Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GLD. Outfitter Financial LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at about $26,000. HWG Holdings LP purchased a new stake in SPDR Gold Shares in the fourth quarter valued at about $28,000. Life Planning Partners Inc purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $29,000. Rise Advisors LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $33,000. Finally, Leverty Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $43,000. Institutional investors own 33.15% of the company’s stock.

SPDR Gold Shares stock opened at $171.31 on Thursday. SPDR Gold Shares has a 52 week low of $160.68 and a 52 week high of $193.30. The business’s 50-day moving average price is $174.13 and its 200 day moving average price is $174.28.

SPDR Gold Shares Company Profile (Get Rating)

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).

Read More

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDGet Rating).

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

Want More Great Investing Ideas?

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.