SPDR Gold Shares (NYSEARCA:GLD) Shares Acquired by National Wealth Management Group LLC

National Wealth Management Group LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 148.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,451 shares of the exchange traded fund’s stock after buying an additional 3,254 shares during the period. SPDR Gold Shares accounts for about 0.9% of National Wealth Management Group LLC’s holdings, making the stock its 27th biggest holding. National Wealth Management Group LLC’s holdings in SPDR Gold Shares were worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC increased its position in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the last quarter. Arizona PSPRS Trust acquired a new stake in SPDR Gold Shares during the second quarter worth about $157,187,000. Cetera Investment Advisers increased its position in SPDR Gold Shares by 461.0% during the first quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after purchasing an additional 577,210 shares during the last quarter. Strategic Financial Concepts LLC increased its position in SPDR Gold Shares by 9,654.6% during the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after purchasing an additional 544,807 shares during the last quarter. Finally, Granite Bay Wealth Management LLC increased its position in SPDR Gold Shares by 25,320.8% during the second quarter. Granite Bay Wealth Management LLC now owns 516,551 shares of the exchange traded fund’s stock worth $111,854,000 after purchasing an additional 514,519 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $243.49 on Thursday. The company has a 50-day moving average price of $246.38 and a 200 day moving average price of $231.18. SPDR Gold Shares has a 12-month low of $183.15 and a 12-month high of $257.71.

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).