Pacific Capital Wealth Advisors Inc. Makes New $60,000 Investment in SPDR Gold Shares (NYSEARCA:GLD)

Pacific Capital Wealth Advisors Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 314 shares of the exchange traded fund’s stock, valued at approximately $60,000.

Other institutional investors also recently made changes to their positions in the company. First Personal Financial Services bought a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $25,000. Johnson Midwest Financial LLC raised its stake 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 valued at $31,000 after acquiring an additional 140 shares during the last quarter. Private Ocean LLC boosted 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 purchasing an additional 114 shares during the period. Naples Money Management LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter worth about $31,000. Finally, GAMMA Investing LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.5 %

GLD traded down $0.99 during midday trading on Tuesday, reaching $214.21. 5,659,460 shares of the company’s stock traded hands, compared to its average volume of 7,932,338. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09. The firm has a fifty day moving average of $208.23 and a two-hundred day moving average of $194.39.

SPDR Gold Shares 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).