Tyche Wealth Partners LLC Takes $1.75 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Tyche Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,151 shares of the exchange traded fund’s stock, valued at approximately $1,749,000.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in SPDR Gold Shares during the fourth quarter valued at approximately $25,000. Private Ocean LLC increased its holdings in shares of SPDR Gold Shares by 232.7% during the fourth quarter. Private Ocean LLC now owns 163 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 114 shares in the last quarter. Johnson Midwest Financial LLC increased its holdings in shares of SPDR Gold Shares by 350.0% during the third quarter. Johnson Midwest Financial LLC now owns 180 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 140 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter worth $34,000. Finally, Worth Asset Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter worth $36,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.1 %

Shares of NYSEARCA:GLD traded up $0.29 during trading on Tuesday, hitting $221.24. 10,734,791 shares of the company were exchanged, compared to its average volume of 7,850,420. The business’s 50 day moving average is $198.98 and its 200-day moving average is $189.71. SPDR Gold Shares has a 1-year low of $168.30 and a 1-year high of $225.09.

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).