MONECO Advisors LLC Has $6 Million Stake in SPDR Gold Shares (NYSEARCA:GLD)

MONECO Advisors LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,792 shares of the exchange traded fund’s stock after purchasing an additional 2,840 shares during the period. MONECO Advisors LLC’s holdings in SPDR Gold Shares were worth $6,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clarus Group Inc. increased its holdings in SPDR Gold Shares by 2.2% during the 4th quarter. Clarus Group Inc. now owns 1,825 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 40 shares in the last quarter. Magnus Financial Group LLC increased its holdings in SPDR Gold Shares by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 7,352 shares of the exchange traded fund’s stock valued at $1,780,000 after purchasing an additional 41 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in SPDR Gold Shares by 25.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 199 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 41 shares in the last quarter. Gradient Capital Advisors LLC increased its holdings in SPDR Gold Shares by 0.7% during the 4th quarter. Gradient Capital Advisors LLC now owns 5,743 shares of the exchange traded fund’s stock valued at $1,391,000 after purchasing an additional 42 shares in the last quarter. Finally, Spinnaker Trust increased its holdings in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock valued at $956,000 after purchasing an additional 43 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $270.74 on Friday. The stock has a fifty day moving average of $253.00 and a 200-day moving average of $245.32. SPDR Gold Shares has a 52 week low of $187.05 and a 52 week high of $271.84.

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).