Cooper Financial Group Has $603,000 Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Cooper Financial Group boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,489 shares of the exchange traded fund’s stock after buying an additional 202 shares during the period. Cooper Financial Group’s holdings in SPDR Gold Shares were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLD. Semmax Financial Advisors Inc. boosted its position in SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the 3rd quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $245.74 on Tuesday. The company has a 50-day moving average of $243.87 and a two-hundred day moving average of $237.59. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $257.71.

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).