McClarren Financial Advisors Inc. Buys 100 Shares of SPDR Gold Shares (NYSEARCA:GLD)

McClarren Financial Advisors Inc. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 113.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188 shares of the exchange traded fund’s stock after buying an additional 100 shares during the period. McClarren Financial Advisors Inc.’s holdings in SPDR Gold Shares were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of GLD. First Personal Financial Services acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $25,000. Johnson Midwest Financial LLC raised its stake in SPDR Gold Shares by 350.0% during the 3rd quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 140 shares during the period. Private Ocean LLC lifted its holdings in SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 114 shares in the last quarter. Naples Money Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $31,000. Finally, GAMMA Investing LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $33,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.6 %

Shares of NYSEARCA GLD traded up $1.28 during mid-day trading on Thursday, reaching $215.92. 6,604,272 shares of the company’s stock were exchanged, compared to its average volume of 7,953,503. SPDR Gold Shares has a twelve month low of $168.30 and a twelve month high of $225.09. The business has a fifty day simple moving average of $203.95 and a 200 day simple moving average of $192.11.

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).