MML Investors Services LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

MML Investors Services LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 346,563 shares of the exchange traded fund’s stock after buying an additional 24,876 shares during the period. MML Investors Services LLC’s holdings in SPDR Gold Shares were worth $84,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GLD. Romano Brothers AND Company increased its position in shares of SPDR Gold Shares by 1.0% during the third quarter. Romano Brothers AND Company now owns 4,122 shares of the exchange traded fund’s stock worth $1,002,000 after purchasing an additional 40 shares in the last quarter. Delta Financial Group Inc. lifted its holdings in SPDR Gold Shares by 1.2% in the 3rd quarter. Delta Financial Group Inc. now owns 3,492 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 41 shares in the last quarter. Spinnaker Trust boosted its stake in SPDR Gold Shares by 1.1% during the 3rd quarter. Spinnaker Trust now owns 3,932 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 43 shares during the last quarter. Compton Wealth Advisory Group LLC grew its holdings in shares of SPDR Gold Shares by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 1,409 shares of the exchange traded fund’s stock worth $342,000 after buying an additional 44 shares in the last quarter. Finally, Acorn Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 1.4% in the third quarter. Acorn Wealth Advisors LLC now owns 3,242 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $242.95 on Friday. SPDR Gold Shares has a twelve month low of $183.15 and a twelve month high of $257.71. The company’s 50-day moving average price is $246.36 and its 200-day moving average price is $232.30.

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).