Occidental Asset Management LLC Grows Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Occidental Asset Management LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 20.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,676 shares of the exchange traded fund’s stock after purchasing an additional 290 shares during the period. Occidental Asset Management LLC’s holdings in SPDR Gold Shares were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Tucker Asset Management LLC purchased a new position in SPDR Gold Shares in the first quarter valued at $25,000. Mendota Financial Group LLC purchased a new position in SPDR Gold Shares in the first quarter valued at $27,000. Freedom Wealth Alliance LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at $28,000. Cary Street Partners Asset Management LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at $34,000. Finally, First Command Financial Services Inc. purchased a new stake in SPDR Gold Shares during the 1st quarter worth about $36,000. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.6 %

Shares of NYSEARCA GLD opened at $179.38 on Tuesday. The business has a 50-day moving average of $179.30 and a two-hundred day moving average of $181.13. SPDR Gold Shares has a 1 year low of $150.57 and a 1 year 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).