Keating Investment Counselors Inc. Buys Shares of 2,625 SPDR Gold Shares (NYSEARCA:GLD)

Keating Investment Counselors Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, Holdings Channel reports. The firm bought 2,625 shares of the exchange traded fund’s stock, valued at approximately $350,000.

Several other hedge funds also recently made changes to their positions in the business. Archford Capital Strategies LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $25,000. Live Your Vision LLC boosted its stake in shares of SPDR Gold Shares by 263.5% in the first quarter. Live Your Vision LLC now owns 229 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 166 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of SPDR Gold Shares by 81.8% in the first quarter. Howe & Rusling Inc. now owns 289 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 130 shares in the last quarter. Burt Wealth Advisors boosted its stake in shares of SPDR Gold Shares by 800.0% in the first quarter. Burt Wealth Advisors now owns 315 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 280 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $47,000.

GLD stock traded up $1.19 during midday trading on Wednesday, hitting $142.97. 2,434,895 shares of the stock were exchanged, compared to its average volume of 8,801,172. The stock’s 50-day moving average is $134.91. SPDR Gold Shares has a fifty-two week low of $111.06 and a fifty-two week high of $143.38.

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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).

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

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