Regal Investment Advisors LLC boosted its holdings in SPDR Gold Trust (NYSEARCA:GLD) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,137 shares of the exchange traded fund’s stock after acquiring an additional 874 shares during the quarter. Regal Investment Advisors LLC’s holdings in SPDR Gold Trust were worth $960,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Blume Capital Management Inc. lifted its position in SPDR Gold Trust by 30.8% in the 2nd quarter. Blume Capital Management Inc. now owns 850 shares of the exchange traded fund’s stock valued at $100,000 after acquiring an additional 200 shares in the last quarter. QCI Asset Management Inc. NY lifted its position in SPDR Gold Trust by 14.9% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,155 shares of the exchange traded fund’s stock valued at $136,000 after acquiring an additional 150 shares in the last quarter. CI Global Investments Inc. bought a new position in SPDR Gold Trust in the 2nd quarter valued at about $150,000. Cornerstone Advisory LLP bought a new position in SPDR Gold Trust in the 2nd quarter valued at about $201,000. Finally, Wellesley Investment Partners LLC bought a new position in SPDR Gold Trust in the 2nd quarter valued at about $202,000.
Shares of SPDR Gold Trust (GLD) traded down 0.12% during trading on Friday, reaching $127.97. 9,020,001 shares of the company traded hands. The firm’s 50 day moving average is $122.39 and its 200-day moving average is $119.64. SPDR Gold Trust has a 12-month low of $107.00 and a 12-month high of $128.32.
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SPDR Gold Trust Company 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).
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