Innova Wealth Partners Acquires Shares of 16,082 SPDR Gold Shares (NYSEARCA:GLD)

Innova Wealth Partners bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,082 shares of the exchange traded fund’s stock, valued at approximately $3,894,000. SPDR Gold Shares makes up approximately 2.5% of Innova Wealth Partners’ portfolio, making the stock its 12th biggest position.

A number of other institutional investors have also recently modified their holdings of the business. RDA Financial Network raised its position in SPDR Gold Shares by 1.8% during the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after acquiring an additional 88 shares during the period. Advance Capital Management Inc. raised its position in shares of SPDR Gold Shares by 9.4% during the 4th quarter. Advance Capital Management Inc. now owns 3,683 shares of the exchange traded fund’s stock worth $892,000 after purchasing an additional 316 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of SPDR Gold Shares by 10.1% during the 2nd quarter. Centaurus Financial Inc. now owns 39,597 shares of the exchange traded fund’s stock worth $8,514,000 after purchasing an additional 3,630 shares during the last quarter. Inspirion Wealth Advisors LLC lifted its stake in SPDR Gold Shares by 0.8% in the 3rd quarter. Inspirion Wealth Advisors LLC now owns 6,180 shares of the exchange traded fund’s stock valued at $1,502,000 after buying an additional 50 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $564,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.6 %

NYSEARCA:GLD opened at $244.56 on Wednesday. The stock has a 50 day moving average of $244.48 and a two-hundred day moving average of $236.69. SPDR Gold Shares has a 12 month low of $183.78 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).