Scholtz & Company LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

Scholtz & Company LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,318 shares of the exchange traded fund’s stock after purchasing an additional 431 shares during the period. SPDR Gold Shares accounts for approximately 2.0% of Scholtz & Company LLC’s portfolio, making the stock its 18th largest holding. Scholtz & Company LLC’s holdings in SPDR Gold Shares were worth $4,799,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Triad Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of SPDR Gold Shares during the first quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $27,000. Finally, Private Ocean LLC boosted its position in shares of SPDR Gold Shares by 155.1% in the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.8 %

SPDR Gold Shares stock opened at $236.33 on Friday. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $236.45. The firm’s 50 day simple moving average is $226.74 and its 200 day simple moving average is $216.85.

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).