Financial Advantage Inc. Boosts Stake in SPDR Gold Shares (NYSEARCA:GLD)

Financial Advantage Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,326 shares of the exchange traded fund’s stock after purchasing an additional 208 shares during the period. SPDR Gold Shares makes up 7.3% of Financial Advantage Inc.’s holdings, making the stock its 3rd biggest position. Financial Advantage Inc.’s holdings in SPDR Gold Shares were worth $10,288,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in SPDR Gold Shares by 15.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 128,644 shares of the exchange traded fund’s stock worth $14,505,000 after buying an additional 17,066 shares during the period. Western Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $1,305,000. Sowell Financial Services LLC increased its position in shares of SPDR Gold Shares by 17.7% in the 4th quarter. Sowell Financial Services LLC now owns 12,760 shares of the exchange traded fund’s stock valued at $1,547,000 after purchasing an additional 1,919 shares during the last quarter. David R. Rahn & Associates Inc. boosted its holdings in shares of SPDR Gold Shares by 18.0% in the 4th quarter. David R. Rahn & Associates Inc. now owns 39,321 shares of the exchange traded fund’s stock valued at $4,768,000 after buying an additional 5,984 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in shares of SPDR Gold Shares by 7.3% in the 4th quarter. Wedbush Securities Inc. now owns 16,798 shares of the exchange traded fund’s stock valued at $2,037,000 after buying an additional 1,145 shares in the last quarter.

Shares of NYSEARCA:GLD opened at $121.20 on Friday. SPDR Gold Shares has a 1-year low of $111.06 and a 1-year high of $127.21.

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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).

Further Reading: Cash Flow Analysis in Stock Selection

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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