Tennessee Valley Asset Management Partners Grows Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Tennessee Valley Asset Management Partners boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,980 shares of the exchange traded fund’s stock after buying an additional 205 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in SPDR Gold Shares were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $28,000. Capital Performance Advisors LLP purchased a new stake in SPDR Gold Shares during the third quarter worth approximately $35,000. Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC increased its stake in SPDR Gold Shares by 78.9% in the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 71 shares during the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in SPDR Gold Shares during the third quarter worth approximately $40,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $255.65 on Monday. The firm has a 50 day simple moving average of $245.31 and a 200-day simple moving average of $239.58. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71.

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).