OneAscent Wealth Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,275 shares of the exchange traded fund’s stock after acquiring an additional 1,627 shares during the period. SPDR Gold Shares makes up approximately 1.1% of OneAscent Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. OneAscent Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,367,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in GLD. Tucker Asset Management LLC acquired a new stake in SPDR Gold Shares during the first quarter worth about $25,000. Mendota Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $27,000. Freedom Wealth Alliance LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at approximately $28,000. Cary Street Partners Asset Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $34,000. Finally, First Command Financial Services Inc. acquired a new position in SPDR Gold Shares in the first quarter valued at approximately $36,000. 40.99% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
GLD stock traded up $1.17 during midday trading on Friday, hitting $178.34. 5,620,888 shares of the company’s stock were exchanged, compared to its average volume of 6,954,410. SPDR Gold Shares has a 1-year low of $150.57 and a 1-year high of $191.36. The business has a 50-day simple moving average of $179.31 and a two-hundred day simple moving average of $180.92.
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).
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