Coastal Investment Advisors Inc. Has $1.89 Million Position in SPDR Gold Shares (NYSEARCA:GLD)


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Coastal Investment Advisors Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 39.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,571 shares of the exchange traded fund’s stock after purchasing an additional 3,005 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in SPDR Gold Shares were worth $1,885,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Eagle Capital Management LLC boosted its position in SPDR Gold Shares by 3.2% during the third quarter. Eagle Capital Management LLC now owns 1,910 shares of the exchange traded fund’s stock valued at $338,000 after buying an additional 60 shares during the period. Wiley BROS. Aintree Capital LLC lifted its stake in shares of SPDR Gold Shares by 5.0% in the fourth quarter. Wiley BROS. Aintree Capital LLC now owns 1,265 shares of the exchange traded fund’s stock worth $226,000 after buying an additional 60 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of SPDR Gold Shares by 16.6% in the third quarter. Sound Income Strategies LLC now owns 443 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 63 shares in the last quarter. Addison Capital Co lifted its stake in shares of SPDR Gold Shares by 1.1% in the fourth quarter. Addison Capital Co now owns 6,061 shares of the exchange traded fund’s stock worth $1,081,000 after buying an additional 63 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in shares of SPDR Gold Shares by 0.7% in the third quarter. Capital Investment Advisors LLC now owns 10,694 shares of the exchange traded fund’s stock worth $1,894,000 after buying an additional 73 shares in the last quarter.

Separately, ValuEngine cut shares of SPDR Gold Shares from a “hold” rating to a “sell” rating in a research report on Monday, November 16th.

Shares of GLD traded down $0.75 during trading on Wednesday, reaching $173.37. 14,089,163 shares of the company traded hands, compared to its average volume of 13,685,021. SPDR Gold Shares has a twelve month low of $136.12 and a twelve month high of $194.45. The stock has a 50-day simple moving average of $176.64 and a 200-day simple moving average of $176.25.

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

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