MGB Wealth Management LLC Decreases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

MGB Wealth Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,810 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. MGB Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,655,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp raised its stake in shares of SPDR Gold Shares by 4.4% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 11,645 shares of the exchange traded fund’s stock worth $2,504,000 after acquiring an additional 490 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of SPDR Gold Shares by 5.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the exchange traded fund’s stock worth $1,063,000 after acquiring an additional 239 shares in the last quarter. RDA Financial Network increased its stake in shares of SPDR Gold Shares by 1.8% in the third quarter. RDA Financial Network now owns 5,064 shares of the exchange traded fund’s stock worth $1,231,000 after buying an additional 88 shares during the period. Oxler Private Wealth LLC increased its stake in shares of SPDR Gold Shares by 48.9% in the second quarter. Oxler Private Wealth LLC now owns 24,438 shares of the exchange traded fund’s stock worth $5,254,000 after buying an additional 8,021 shares during the period. Finally, Blue Fin Capital Inc. increased its stake in shares of SPDR Gold Shares by 1.1% in the second quarter. Blue Fin Capital Inc. now owns 37,225 shares of the exchange traded fund’s stock worth $8,004,000 after buying an additional 388 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.3 %

Shares of NYSEARCA GLD opened at $249.84 on Friday. SPDR Gold Shares has a 52 week low of $183.15 and a 52 week high of $257.71. The firm’s fifty day moving average is $246.03 and its 200 day moving average is $230.62.

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).