SS&H Financial Advisors Inc. Increases Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

SS&H Financial Advisors Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 10,849 shares of the exchange traded fund’s stock after buying an additional 200 shares during the period. SPDR Gold Shares accounts for approximately 1.0% of SS&H Financial Advisors Inc.’s holdings, making the stock its 27th biggest position. SS&H Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $2,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allen Mooney & Barnes Investment Advisors LLC grew its stake in shares of SPDR Gold Shares by 3.1% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,159 shares of the exchange traded fund’s stock valued at $523,000 after purchasing an additional 64 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $278,000. Pines Wealth Management LLC bought a new position in SPDR Gold Shares in the fourth quarter worth approximately $642,000. SeaCrest Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 11.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 14,929 shares of the exchange traded fund’s stock worth $3,615,000 after acquiring an additional 1,518 shares during the last quarter. Finally, 626 Financial LLC boosted its stake in shares of SPDR Gold Shares by 3.5% during the 4th quarter. 626 Financial LLC now owns 4,011 shares of the exchange traded fund’s stock worth $971,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $247.03 on Wednesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business has a fifty day moving average price of $243.74 and a 200-day moving average price of $237.81.

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).