RIA Advisory Group LLC Invests $149,000 in SPDR Gold Shares (NYSEARCA:GLD)

RIA Advisory Group LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 781 shares of the exchange traded fund’s stock, valued at approximately $149,000.

Several other hedge funds also recently modified their holdings of the company. First Personal Financial Services acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Johnson Midwest Financial LLC increased its holdings in shares of SPDR Gold Shares by 350.0% in the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 140 shares in the last quarter. Private Ocean LLC increased its holdings in shares of SPDR Gold Shares by 232.7% in the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $34,000. Finally, Worth Asset Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3 %

GLD opened at $221.03 on Friday. The company has a fifty day moving average price of $201.56 and a two-hundred day moving average price of $190.83. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09.

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).