Silverlake Wealth Management LLC Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Silverlake Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,848 shares of the exchange traded fund’s stock after buying an additional 644 shares during the quarter. Silverlake Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,416,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GLD. RDA Financial Network lifted its stake in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock valued at $1,231,000 after purchasing an additional 88 shares during the period. Advance Capital Management Inc. lifted its stake in shares of SPDR Gold Shares by 9.4% during the fourth quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock valued at $892,000 after buying an additional 316 shares during the period. GSA Capital Partners LLP purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $564,000. Beaird Harris Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 25.4% during the third quarter. Beaird Harris Wealth Management LLC now owns 2,051 shares of the exchange traded fund’s stock valued at $499,000 after buying an additional 416 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in SPDR Gold Shares during the third quarter worth approximately $46,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $262.50 on Wednesday. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $262.54. The firm has a fifty day moving average of $246.73 and a 200-day moving average of $241.04.

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).