Essex Financial Services Inc. Has $14.29 Million Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Essex Financial Services Inc. lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,762 shares of the exchange traded fund’s stock after acquiring an additional 5,133 shares during the period. SPDR Gold Shares makes up approximately 1.5% of Essex Financial Services Inc.’s holdings, making the stock its 13th biggest holding. Essex Financial Services Inc.’s holdings in SPDR Gold Shares were worth $14,292,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Busey Trust CO increased its stake in SPDR Gold Shares by 2.5% during the 3rd quarter. Busey Trust CO now owns 3,872 shares of the exchange traded fund’s stock worth $664,000 after purchasing an additional 95 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in SPDR Gold Shares by 34.4% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 3,143 shares of the exchange traded fund’s stock worth $539,000 after purchasing an additional 805 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in SPDR Gold Shares by 4.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 11,655 shares of the exchange traded fund’s stock worth $1,998,000 after purchasing an additional 505 shares in the last quarter. Mission Wealth Management LP increased its stake in SPDR Gold Shares by 7.8% during the 3rd quarter. Mission Wealth Management LP now owns 6,328 shares of the exchange traded fund’s stock worth $1,085,000 after purchasing an additional 457 shares in the last quarter. Finally, Mayfair Advisory Group LLC increased its stake in SPDR Gold Shares by 11.9% during the 3rd quarter. Mayfair Advisory Group LLC now owns 1,575 shares of the exchange traded fund’s stock worth $272,000 after purchasing an additional 167 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD traded up $1.46 during mid-day trading on Wednesday, hitting $213.33. 4,967,756 shares of the company’s stock were exchanged, compared to its average volume of 7,911,238. SPDR Gold Shares has a 52 week low of $168.30 and a 52 week high of $225.09. The company has a 50-day simple moving average of $205.64 and a 200 day simple moving average of $193.22.

About SPDR Gold Shares

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).