Equitec Proprietary Markets LLC Makes New Investment in SPDR Gold Shares (NYSEARCA:GLD)

Equitec Proprietary Markets LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,300 shares of the exchange traded fund’s stock, valued at approximately $2,371,000. SPDR Gold Shares comprises about 0.7% of Equitec Proprietary Markets LLC’s portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. Physician Wealth Advisors Inc. raised its holdings in SPDR Gold Shares by 4.2% during the first quarter. Physician Wealth Advisors Inc. now owns 1,330 shares of the exchange traded fund’s stock valued at $247,000 after buying an additional 54 shares in the last quarter. Cyndeo Wealth Partners LLC raised its holdings in SPDR Gold Shares by 0.4% during the first quarter. Cyndeo Wealth Partners LLC now owns 12,362 shares of the exchange traded fund’s stock valued at $3,880,000 after buying an additional 55 shares in the last quarter. Pensionmark Financial Group LLC raised its holdings in SPDR Gold Shares by 1.1% during the first quarter. Pensionmark Financial Group LLC now owns 5,029 shares of the exchange traded fund’s stock valued at $921,000 after buying an additional 55 shares in the last quarter. True Capital Management raised its holdings in SPDR Gold Shares by 3.3% during the first quarter. True Capital Management now owns 1,798 shares of the exchange traded fund’s stock valued at $329,000 after buying an additional 57 shares in the last quarter. Finally, Independent Wealth Network Inc. increased its stake in shares of SPDR Gold Shares by 1.1% in the first quarter. Independent Wealth Network Inc. now owns 5,453 shares of the exchange traded fund’s stock worth $999,000 after purchasing an additional 58 shares during the period. 40.99% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.6 %

SPDR Gold Shares stock opened at $179.38 on Tuesday. The business’s 50-day simple moving average is $179.30 and its 200-day simple moving average is $181.13. SPDR Gold Shares has a 52 week low of $150.57 and a 52 week high of $191.36.

About SPDR Gold Shares

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).