Bay Harbor Wealth Management LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 158.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,858 shares of the exchange traded fund’s stock after buying an additional 3,589 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in SPDR Gold Shares were worth $814,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Archford Capital Strategies LLC bought a new stake in shares of SPDR Gold Shares in the second quarter valued at $25,000. Prestige Wealth Management Group LLC bought a new stake in shares of SPDR Gold Shares in the second quarter valued at $28,000. Reilly Financial Advisors LLC bought a new stake in shares of SPDR Gold Shares in the third quarter valued at $38,000. First National Bank of South Miami raised its stake in shares of SPDR Gold Shares by 375.0% in the second quarter. First National Bank of South Miami now owns 380 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 300 shares during the period. Finally, Private Capital Group LLC raised its stake in shares of SPDR Gold Shares by 290.0% in the second quarter. Private Capital Group LLC now owns 390 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 290 shares during the period.
Shares of GLD traded down $1.02 during mid-day trading on Tuesday, hitting $139.57. The stock had a trading volume of 7,137,280 shares, compared to its average volume of 9,368,101. The business has a fifty day moving average price of $142.15 and a 200-day moving average price of $131.81. SPDR Gold Shares has a 52 week low of $113.42 and a 52 week high of $146.82.
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).
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