SPDR Gold Shares (NYSEARCA:GLD) is Avondale Wealth Management’s 8th Largest Position

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Avondale Wealth Management lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDGet Rating) by 64.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,543 shares of the exchange traded fund’s stock after purchasing an additional 6,099 shares during the period. SPDR Gold Shares comprises about 3.3% of Avondale Wealth Management’s investment portfolio, making the stock its 8th biggest position. Avondale Wealth Management’s holdings in SPDR Gold Shares were worth $2,808,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Claremont Financial Group Inc. bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $3,016,000. Outfitter Financial LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $26,000. HWG Holdings LP purchased a new position in SPDR Gold Shares during the 4th quarter valued at $28,000. Life Planning Partners Inc bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $29,000. Finally, Rise Advisors LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $33,000. Institutional investors own 33.15% of the company’s stock.

SPDR Gold Shares stock traded up $1.19 during trading hours on Wednesday, hitting $171.82. 194,687 shares of the stock traded hands, compared to its average volume of 6,075,254. SPDR Gold Shares has a one year low of $160.68 and a one year high of $193.30. The firm’s 50-day moving average price is $174.40 and its two-hundred day moving average price is $174.30.

About SPDR Gold Shares (Get Rating)

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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