Axxcess Wealth Management LLC Increases Stake in SPDR Gold Shares (NYSEARCA:GLD)

Axxcess Wealth Management LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,027 shares of the exchange traded fund’s stock after acquiring an additional 1,176 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR Gold Shares were worth $11,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GLD. GSA Capital Partners LLP purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $564,000. CIBC Asset Management Inc boosted its stake in shares of SPDR Gold Shares by 39.8% in the third quarter. CIBC Asset Management Inc now owns 3,986 shares of the exchange traded fund’s stock worth $969,000 after acquiring an additional 1,134 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of SPDR Gold Shares by 6.7% in the third quarter. Thrivent Financial for Lutherans now owns 81,301 shares of the exchange traded fund’s stock worth $19,762,000 after acquiring an additional 5,111 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter worth approximately $1,215,000. Finally, Strengthening Families & Communities LLC boosted its stake in shares of SPDR Gold Shares by 13.8% in the third quarter. Strengthening Families & Communities LLC now owns 1,440 shares of the exchange traded fund’s stock worth $350,000 after acquiring an additional 175 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $276.73 on Tuesday. The stock’s fifty day moving average is $261.76 and its two-hundred day moving average is $249.96. The firm has a market capitalization of $83.19 billion, a P/E ratio of -29.30 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $279.26.

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).