Alterna Wealth Management Inc. Takes $223,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Alterna Wealth Management Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel reports. The firm bought 921 shares of the exchange traded fund’s stock, valued at approximately $223,000.

A number of other large investors also recently modified their holdings of GLD. McAdam LLC increased its stake in SPDR Gold Shares by 73.8% during the 4th quarter. McAdam LLC now owns 3,313 shares of the exchange traded fund’s stock valued at $802,000 after purchasing an additional 1,407 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of SPDR Gold Shares by 5.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 30,986 shares of the exchange traded fund’s stock valued at $7,503,000 after buying an additional 1,486 shares during the last quarter. Golden State Equity Partners increased its position in shares of SPDR Gold Shares by 6.1% during the fourth quarter. Golden State Equity Partners now owns 962 shares of the exchange traded fund’s stock worth $233,000 after acquiring an additional 55 shares in the last quarter. Spire Wealth Management raised its holdings in shares of SPDR Gold Shares by 9.7% in the 4th quarter. Spire Wealth Management now owns 10,129 shares of the exchange traded fund’s stock worth $2,453,000 after acquiring an additional 897 shares during the last quarter. Finally, Bluesphere Advisors LLC raised its holdings in shares of SPDR Gold Shares by 9.0% in the 4th quarter. Bluesphere Advisors LLC now owns 1,502 shares of the exchange traded fund’s stock worth $364,000 after acquiring an additional 124 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Trading Up 0.2 %

GLD stock opened at $258.56 on Monday. The business has a 50-day simple moving average of $246.38 and a two-hundred day simple moving average of $240.71. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $259.99.

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).