Forbes J M & Co. LLP Has $1.30 Million Position in SPDR Gold Shares (NYSEARCA:GLD)

Forbes J M & Co. LLP increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,364 shares of the exchange traded fund’s stock after buying an additional 46 shares during the period. Forbes J M & Co. LLP’s holdings in SPDR Gold Shares were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its holdings in SPDR Gold Shares by 4.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 58,351 shares of the exchange traded fund’s stock worth $14,129,000 after purchasing an additional 2,491 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in SPDR Gold Shares by 1.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 38,838 shares of the exchange traded fund’s stock worth $9,404,000 after acquiring an additional 400 shares during the period. Apollon Wealth Management LLC raised its position in shares of SPDR Gold Shares by 20.7% in the 4th quarter. Apollon Wealth Management LLC now owns 30,690 shares of the exchange traded fund’s stock worth $7,431,000 after acquiring an additional 5,259 shares in the last quarter. Apollon Financial LLC lifted its stake in shares of SPDR Gold Shares by 276.1% in the 4th quarter. Apollon Financial LLC now owns 10,576 shares of the exchange traded fund’s stock valued at $2,561,000 after purchasing an additional 7,764 shares during the period. Finally, Mezzasalma Advisors LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $720,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.2 %

Shares of GLD stock opened at $263.90 on Friday. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $266.35. The stock has a 50 day simple moving average of $248.30 and a two-hundred day simple moving average of $241.93.

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).