First City Capital Management Inc. Has $864,000 Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

First City Capital Management Inc. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,570 shares of the exchange traded fund’s stock after buying an additional 450 shares during the quarter. First City Capital Management Inc.’s holdings in SPDR Gold Shares were worth $864,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GLD. Founders Financial Securities LLC increased its position in shares of SPDR Gold Shares by 41.8% during the second quarter. Founders Financial Securities LLC now owns 5,050 shares of the exchange traded fund’s stock worth $1,086,000 after buying an additional 1,489 shares during the period. Larson Financial Group LLC boosted its position in shares of SPDR Gold Shares by 247.3% during the 2nd quarter. Larson Financial Group LLC now owns 7,317 shares of the exchange traded fund’s stock valued at $1,573,000 after purchasing an additional 5,210 shares in the last quarter. Strategy Asset Managers LLC grew its stake in SPDR Gold Shares by 73.6% during the second quarter. Strategy Asset Managers LLC now owns 2,612 shares of the exchange traded fund’s stock worth $562,000 after purchasing an additional 1,107 shares during the period. Vance Wealth Inc. increased its holdings in SPDR Gold Shares by 6.2% in the second quarter. Vance Wealth Inc. now owns 1,632 shares of the exchange traded fund’s stock worth $351,000 after purchasing an additional 95 shares in the last quarter. Finally, Range Financial Group LLC boosted its holdings in shares of SPDR Gold Shares by 2.4% during the 2nd quarter. Range Financial Group LLC now owns 2,143 shares of the exchange traded fund’s stock worth $461,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $1.61 during mid-day trading on Friday, hitting $243.81. The company had a trading volume of 3,233,144 shares, compared to its average volume of 4,640,507. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The firm has a fifty day moving average price of $245.11 and a 200 day moving average price of $235.81.

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).