Wealth Effects LLC Purchases 195 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Wealth Effects LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,208 shares of the exchange traded fund’s stock after purchasing an additional 195 shares during the quarter. Wealth Effects LLC’s holdings in SPDR Gold Shares were worth $535,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GLD. International Assets Investment Management LLC increased its stake in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after buying an additional 3,010,682 shares in the last quarter. Stifel Financial Corp raised its stake in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after acquiring an additional 100,149 shares during the last quarter. State Street Corp raised its stake in shares of SPDR Gold Shares by 6.6% in the third quarter. State Street Corp now owns 764,315 shares of the exchange traded fund’s stock worth $185,774,000 after acquiring an additional 47,507 shares during the last quarter. US Bancorp DE lifted its position in shares of SPDR Gold Shares by 0.5% during the third quarter. US Bancorp DE now owns 691,648 shares of the exchange traded fund’s stock worth $168,112,000 after purchasing an additional 3,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of SPDR Gold Shares by 4.9% during the third quarter. Rockefeller Capital Management L.P. now owns 665,498 shares of the exchange traded fund’s stock valued at $161,670,000 after purchasing an additional 30,952 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

GLD stock opened at $252.99 on Tuesday. The company has a 50 day moving average price of $245.31 and a 200 day moving average price of $239.72. SPDR Gold Shares has a fifty-two week low of $183.78 and a fifty-two week high of $257.71.

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).