1,337 Shares in SPDR Gold Shares (NYSEARCA:GLD) Acquired by Cherry Creek Investment Advisors Inc.

Cherry Creek Investment Advisors Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,337 shares of the exchange traded fund’s stock, valued at approximately $221,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bridgeworth LLC grew its holdings in SPDR Gold Shares by 1.6% during the 2nd quarter. Bridgeworth LLC now owns 4,000 shares of the exchange traded fund’s stock worth $663,000 after acquiring an additional 62 shares during the last quarter. Bragg Financial Advisors Inc boosted its stake in shares of SPDR Gold Shares by 1.8% in the 1st quarter. Bragg Financial Advisors Inc now owns 3,785 shares of the exchange traded fund’s stock valued at $605,000 after purchasing an additional 66 shares during the last quarter. Madrona Financial Services LLC boosted its stake in shares of SPDR Gold Shares by 0.3% in the 2nd quarter. Madrona Financial Services LLC now owns 22,017 shares of the exchange traded fund’s stock valued at $3,647,000 after purchasing an additional 66 shares during the last quarter. MBE Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 2.6% in the 2nd quarter. MBE Wealth Management LLC now owns 2,916 shares of the exchange traded fund’s stock valued at $483,000 after purchasing an additional 74 shares during the last quarter. Finally, Private Portfolio Partners LLC boosted its stake in shares of SPDR Gold Shares by 1.4% in the 1st quarter. Private Portfolio Partners LLC now owns 5,629 shares of the exchange traded fund’s stock valued at $900,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.

Shares of NYSEARCA:GLD traded up $0.61 during trading on Thursday, reaching $168.20. The stock had a trading volume of 123,410 shares, compared to its average volume of 7,372,148. The firm’s fifty day moving average is $166.20 and its 200 day moving average is $168.25. SPDR Gold Shares has a 52 week low of $157.13 and a 52 week high of $183.53.

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).

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

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