RIA Advisory Group LLC Takes $149,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

RIA Advisory Group LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 781 shares of the exchange traded fund’s stock, valued at approximately $149,000.

A number of other institutional investors have also recently made changes to their positions in GLD. Sei Investments Co. purchased a new position in shares of SPDR Gold Shares in the first quarter worth approximately $24,420,000. Covestor Ltd boosted its holdings in shares of SPDR Gold Shares by 69.4% in the first quarter. Covestor Ltd now owns 532 shares of the exchange traded fund’s stock worth $96,000 after buying an additional 218 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of SPDR Gold Shares by 18.6% in the first quarter. Merit Financial Group LLC now owns 2,773 shares of the exchange traded fund’s stock worth $501,000 after buying an additional 435 shares during the last quarter. First Western Trust Bank purchased a new position in shares of SPDR Gold Shares in the first quarter worth approximately $256,000. Finally, Prudential Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 32.5% in the first quarter. Prudential Financial Inc. now owns 36,898 shares of the exchange traded fund’s stock worth $6,666,000 after buying an additional 9,049 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $221.03 on Friday. SPDR Gold Shares has a 12 month low of $168.30 and a 12 month high of $225.09. The company’s 50 day moving average is $201.56 and its two-hundred day moving average is $190.83.

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).