Valley Wealth Managers Inc. Boosts Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Valley Wealth Managers Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 95.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 425 shares of the exchange traded fund’s stock after acquiring an additional 208 shares during the quarter. Valley Wealth Managers Inc.’s holdings in SPDR Gold Shares were worth $103,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Trilogy Capital Inc. grew its holdings in shares of SPDR Gold Shares by 32.6% in the third quarter. Trilogy Capital Inc. now owns 1,784 shares of the exchange traded fund’s stock worth $434,000 after purchasing an additional 439 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth approximately $101,000. Whittier Trust Co. grew its holdings in shares of SPDR Gold Shares by 9.0% in the third quarter. Whittier Trust Co. now owns 18,287 shares of the exchange traded fund’s stock worth $4,445,000 after purchasing an additional 1,514 shares during the last quarter. WJ Interests LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth approximately $213,000. Finally, Horst & Graben Wealth Management LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth approximately $218,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $270.70 on Wednesday. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.01. The company’s 50 day moving average price is $251.61 and its 200-day moving average price is $244.45.

SPDR Gold Shares Company 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).