Welch & Forbes LLC Buys 265 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Welch & Forbes LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,605 shares of the exchange traded fund’s stock after acquiring an additional 265 shares during the quarter. Welch & Forbes LLC’s holdings in SPDR Gold Shares were worth $428,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Monumental Financial Group Inc. bought a new position in SPDR Gold Shares in the 2nd quarter worth approximately $25,000. HWG Holdings LP bought a new position in SPDR Gold Shares in the 2nd quarter worth approximately $27,000. Freedman Financial Associates Inc. boosted its stake in SPDR Gold Shares by 118.1% in the 2nd quarter. Freedman Financial Associates Inc. now owns 229 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 124 shares during the period. Mascoma Wealth Management LLC bought a new position in SPDR Gold Shares in the 3rd quarter worth approximately $41,000. Finally, AllSquare Wealth Management LLC boosted its stake in SPDR Gold Shares by 535.0% in the 2nd quarter. AllSquare Wealth Management LLC now owns 254 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 214 shares during the period. Institutional investors own 39.41% of the company’s stock.

GLD stock opened at $167.12 on Thursday. SPDR Gold Shares has a 1-year low of $157.13 and a 1-year high of $183.21. The business has a 50 day simple moving average of $167.27 and a two-hundred day simple moving average of $169.16.

SPDR Gold Shares 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).

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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